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Minnesota Interest Only Mortgage Rates

Updated: April 03, 2020

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

3.342%

APR
30 Year Fixed
3.125% Rate $857/mo
  • Updated April 03, 2020
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PRODUCTS RATES +/-
30 Year Fixed 3.42%
15 Year Fixed 3.31%
5/1 ARM 3.97%
Friday, April 03, 2020

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Mortgage rates for Minnesota go up to 3.42%

Friday, April 3, 2020

Mortgage rates for Minnesota on Lender411 for 30-year fixed-rate mortgages are at 3.42%. That increased from 3.38% to 3.42%. The 15-year fixed rates are now at 3.31%. The 5/1 ARM mortgage for Minnesota is now at 3.97%.

Interest Only Rates in Minnesota

When you buy a home in Minnesota 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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Chanhassen | Duluth | Eden Prairie | Hadley | Mankato | Maple Grove | Minneapolis | Moorhead | Rochester | St. Cloud | St. Paul | White Bear Lake | Woodbury | Worthington

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