5/1 ARM Mortgage Rates in Maine
Updated: October 25, 2020
Search Rates
Displaying rates for Mortgage Refinance in ME for $200,000
| PRODUCTS | RATES | +/- |
| 30 Year Fixed |
2.71%
|
|
| 15 Year Fixed |
2.56%
|
|
| 5/1 ARM |
4.56%
|
|
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Mortgage rates for Maine go down to 2.71%
Sunday, October 25, 2020
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%.
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
