5/1 ARM Mortgage Rates in Maine
Updated: February 24, 2020
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Displaying rates for Mortgage Refinance in ME for $200,000
NMLS# 2890 License# SLM7338 |
3.271%APR  5 Year ARM |
3.250% Rate | $871/mo |
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4.716%APR5 Year ARM |
3.375% Rate | $884/mo |
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5.002%APR5 Year ARM |
4.375% Rate | $999/mo |
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| PRODUCTS | RATES | +/- |
| 30 Year Fixed |
3.50%
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| 15 Year Fixed |
3.17%
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| 5/1 ARM |
4.22%
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Mortgage rates for Maine go up to 3.50%
Monday, February 24, 2020
Mortgage rates for Maine on Lender411 for 30-year fixed-rate mortgages are at 3.50%. That increased from 3.35% to 3.50%. The 15-year fixed rates are now at 3.17%. The 5/1 ARM mortgage for Maine is now at 4.22%.
5/1 ARM Mortgage Rate Explained
5/1 ARM is an adjustable rate mortgage where the interest rate on the loan and hence the payment of the loan stays the same during the first 5 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 Maine.
Local Cities
Auburn | Augusta | Bangor | Brunswick | Camden | Lewiston | Portland | Presque Isle
