5/1 ARM Mortgage Rates in Iowa

Mortgage rates for Iowa go down to 3.00%

Mortgage rates for Iowa 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 Iowa 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 Iowa. 

Local Cities

Allendorf | Atlantic | Cedar Rapids | Davenport | Des Moines | Dubuque | Estherville | Harlan | Inwood | Iowa City | Keokuk | Mason City | Ottumwa | Shenandoah | Sioux City