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7/1 ARM Mortgage Rates in Maine

Updated: May 21, 2018

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Displaying rates for Mortgage Refinance in ME for $200,000

4.260%

APR
7 Year ARM
4.000% Rate $955/mo
  • Updated May 21, 2018
  • Get a free and no obligation rate quote in Maine.
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PRODUCTS RATES +/-
30 Year Fixed 4.84%
15 Year Fixed 3.94%
5/1 ARM 4.33%
Monday, May 21, 2018

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Mortgage rates for Maine go down to 4.84%

Monday, May 21, 2018

Mortgage rates for Maine on Lender411 for 30-year fixed-rate mortgages are at 4.84%. That dropped from 4.84% to 4.84%. The 15-year fixed rates are now at 3.94%. The 5/1 ARM mortgage for Maine is now at 4.33%.

7/1 ARM Mortgage Rate Explained

7/1 ARM is an adjustable rate mortgage where the interest rate on the loan remains constant for the first 7 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. 

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