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1 Year ARM Mortgage Rates in Maine

PRODUCTS RATES +/-
30 Year Fixed 2.71%
15 Year Fixed 2.56%
5/1 ARM 4.56%
Tuesday, September 27, 2022

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Mortgage rates for Maine go down to 2.71%

Tuesday, September 27, 2022

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

1 Year ARM Mortgage Rate Explained

1 year ARM is an adjustable rate mortgage where the monthly payment (principal and interest) of the loan does not change during the first year. After that the rate will change based on its "margin" and "index" . Above you will find 1-year ARM refinance rates for national and local lenders in Maine. 

Local Cities

Auburn | Augusta | Bangor | Brunswick | Camden | Lewiston | Portland | Presque Isle

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