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5/1 ARM Mortgage Rates in Maryland

Updated: August 13, 2020

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

5.000%

APR
5 Year ARM
4.375% Rate $999/mo
  • Updated August 13, 2020
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PRODUCTS RATES +/-
30 Year Fixed 2.75%
15 Year Fixed 2.44%
5/1 ARM 4.50%
Thursday, August 13, 2020

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Mortgage rates for Maryland go down to 2.75%

Thursday, August 13, 2020

Mortgage rates for Maryland on Lender411 for 30-year fixed-rate mortgages are at 2.75%. That dropped from 3.00% to 2.75%. The 15-year fixed rates are now at 2.44%. The 5/1 ARM mortgage for Maryland is now at 4.50%.

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 Maryland. 

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