Alabama Interest Only Mortgage Rates

Updated: November 17, 2018

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Displaying rates for Mortgage Refinance in AL for $200,000

5.301%

APR

30 Year Fixed

5.250% Rate

$1,105/mo

Updated November 17, 2018

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5.375%

APR

30 Year Fixed

5.375% Rate

$1,120/mo

Updated November 17, 2018

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PRODUCTS	RATES	+/-
30 Year Fixed	5.00%
15 Year Fixed	4.13%
5/1 ARM	3.88%

Saturday, November 17, 2018

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Mortgage rates for Alabama go up to 5.00%

Saturday, November 17, 2018

Mortgage rates for Alabama on Lender411 for 30-year fixed-rate mortgages are at 5.00%. That increased from 4.92% to 5.00%. The 15-year fixed rates are now at 4.13%. The 5/1 ARM mortgage for Alabama is now at 3.88%.

Interest Only Rates in Alabama

When you buy a home in Alabama or refinance your existing mortgage with an interest only mortgage loan, you are taking out a 30-year mortgage, electing to pay "interest only" (instead of principal + interest) for a set period of time, such as 3, 5, 7 or 10 years. After the end of the "interest only period", the monthly payments readjust to include the principal, and the loan is re-amortized for the remaining years. Check out our main page on Interest Only Mortgage Rates.

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