Alabama Interest Only Mortgage Rates
Updated: January 26, 2020
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Displaying rates for Mortgage Refinance in AL for $200,000
NMLS# 1717824 |
3.329%APR  30 Year Fixed |
3.250% Rate | $871/mo |
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NMLS# 2890 License# MC4972 |
3.415%APR30 Year Fixed |
3.375% Rate | $885/mo |
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3.595%APR30 Year Fixed |
3.375% Rate | $884/mo |
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| PRODUCTS | RATES | +/- |
| 30 Year Fixed |
3.38%
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| 15 Year Fixed |
3.29%
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| 5/1 ARM |
4.13%
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Mortgage rates for Alabama go down to 3.38%
Sunday, January 26, 2020
Mortgage rates for Alabama on Lender411 for 30-year fixed-rate mortgages are at 3.38%. That dropped from 3.38% to 3.38%. The 15-year fixed rates are now at 3.29%. The 5/1 ARM mortgage for Alabama is now at 4.13%.
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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