7/1 ARM Mortgage Rates in New Jersey

Mortgage rates for New Jersey go up to 3.00%

Mortgage rates for New Jersey on Lender411 for 30-year fixed-rate mortgages are at 3.00%. That increased from 2.71% to 3.00%. The 15-year fixed rates are now at 2.56%. The 5/1 ARM mortgage for New Jersey is now at 4.56%.

7/1 ARM Mortgage Rate Explained

7/1 ARM is an adjustable rate mortgage where the interest rate on the loan remains constant for the first 7 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 New Jersey. 

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