5/1 ARM Mortgage Rates in Rhode Island
Updated: September 20, 2018
Search Rates
Displaying rates for Mortgage Refinance in RI for $200,000
| PRODUCTS | RATES | +/- |
| 30 Year Fixed |
5.12%
|
|
| 15 Year Fixed |
3.63%
|
|
| 5/1 ARM |
3.88%
|
|
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Mortgage rates for Rhode Island go down to 5.12%
Thursday, September 20, 2018
Mortgage rates for Rhode Island on Lender411 for 30-year fixed-rate mortgages are at 5.12%. That dropped from 5.12% to 5.12%. The 15-year fixed rates are now at 3.63%. The 5/1 ARM mortgage for Rhode Island is now at 3.88%.
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 Rhode Island.
Local Cities
Barrington | Cranston | Narragansett | Newport | Portsmouth | Providence | Warwick
