3/1 ARM Mortgage Rates in Massachusetts
Updated: July 06, 2020
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Displaying rates for Mortgage Refinance in MA for $200,000
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5.156%APR  3 Year ARM |
4.250% Rate | $984/mo |
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| PRODUCTS | RATES | +/- |
| 30 Year Fixed |
3.44%
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| 15 Year Fixed |
2.56%
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| 5/1 ARM |
4.56%
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Mortgage rates for Massachusetts go up to 3.44%
Monday, July 6, 2020
Mortgage rates for Massachusetts on Lender411 for 30-year fixed-rate mortgages are at 3.44%. That increased from 3.03% to 3.44%. 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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