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Adjustable Mortgage Rates in Rhode Island

Updated: March 29, 2020

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

3.342%

APR
30 Year Fixed
3.125% Rate $857/mo
  • Updated March 29, 2020
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PRODUCTS RATES +/-
30 Year Fixed 3.30%
15 Year Fixed 3.12%
5/1 ARM 4.13%
Sunday, March 29, 2020

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Mortgage rates for Rhode Island go down to 3.30%

Sunday, March 29, 2020

Mortgage rates for Rhode Island on Lender411 for 30-year fixed-rate mortgages are at 3.30%. That dropped from 3.30% to 3.30%. The 15-year fixed rates are now at 3.12%. The 5/1 ARM mortgage for Rhode Island is now at 4.13%.

ARM Rates in Rhode Island Today

Adjustable Rate Mortgages (ARM)'s are loans whose interest rate can vary during the loan's term. These loans usually have a fixed interest rate for an initial period of time (usually lower rates) and then can adjust based on current market conditions. Adjustable rate mortgages are usually amortized over a period of 30 years with the initial rate being fixed for anywhere from 1 month to 10 years.

If you are buying a home in Rhode Island or refinancing into an ARM loan, you can find the best rates on Lender411.com. Check out the main page on Adjustable Mortgage Rates.

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