5/1 ARM Mortgage Rates in Rhode Island
Updated: December 15, 2018
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Displaying rates for Mortgage Refinance in RI for $200,000
|
4.716%APR  5 Year ARM |
3.375% Rate | $884/mo |
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| PRODUCTS | RATES | +/- |
| 30 Year Fixed |
4.77%
|
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| 15 Year Fixed |
4.08%
|
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| 5/1 ARM |
4.13%
|
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Mortgage rates for Rhode Island go down to 4.77%
Saturday, December 15, 2018
Mortgage rates for Rhode Island on Lender411 for 30-year fixed-rate mortgages are at 4.77%. That dropped from 4.77% to 4.77%. The 15-year fixed rates are now at 4.08%. The 5/1 ARM mortgage for Rhode Island is now at 4.13%.
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
