3/1 ARM Mortgage Rates in Massachusetts
Updated: October 31, 2020
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Displaying rates for Mortgage Refinance in MA for $200,000
| PRODUCTS | RATES | +/- |
| 30 Year Fixed |
3.00%
|
|
| 15 Year Fixed |
2.56%
|
|
| 5/1 ARM |
4.56%
|
|
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Mortgage rates for Massachusetts go down to 3.00%
Saturday, October 31, 2020
Mortgage rates for Massachusetts 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 Massachusetts is now at 4.56%.
3/1 ARM Mortgage Rate Explained
3/1 ARM is an adjustable rate mortgage where the monthly payment (principal and interest) of the loan does not change during 3 years. After that the rate will change based on its "margin" and "index" . Above you will find 3/1 ARM refinance rates for national and local lenders in Massachusetts.
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