5/1 ARM Mortgage Rates in Ohio

Mortgage rates for Ohio go down to 3.00%

Mortgage rates for Ohio on Lender411 for 30-year fixed-rate mortgages are at 3.00%. That dropped from 3.00% to 3.00%. The 15-year fixed rates are now at 2.56%. The 5/1 ARM mortgage for Ohio is now at 4.56%.

5/1 ARM Mortgage Rate Explained

5/1 ARM is an adjustable rate mortgage where the interest rate on the loan and hence the payment of the loan stays the same during the first 5 years. After that the rate will change based on its "margin" and "index" . Above you will find 5/1 ARM refinance rates for national and local lenders in Ohio. 

Local Cities

Akron | Athens | Beaver Creek | Canton | Chillicothe | Cincinnati | Cleveland | Cleveland Heights | Columbus | Dayton | Elyria | Fairborn | Lakewood | Lima | Lorain | Marietta | Marion | Massillon | Portsmouth | Steubenville | Toledo | Warren | Wellston | Youngstown | Zanesville