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7/1 ARM Mortgage Rates in Rhode Island

Updated: April 26, 2019

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

4.025%

APR
7 Year ARM
4.000% Rate $955/mo
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3.944%

APR
7 Year ARM
3.875% Rate $941/mo
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4.935%

APR
7 Year ARM
4.250% Rate $984/mo
  • Updated April 26, 2019
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PRODUCTS RATES +/-
30 Year Fixed 4.25%
15 Year Fixed 3.67%
5/1 ARM 4.17%
Friday, April 26, 2019

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Mortgage rates for Rhode Island go up to 4.25%

Friday, April 26, 2019

Mortgage rates for Rhode Island on Lender411 for 30-year fixed-rate mortgages are at 4.25%. That increased from 4.23% to 4.25%. The 15-year fixed rates are now at 3.67%. The 5/1 ARM mortgage for Rhode Island is now at 4.17%.

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 Rhode Island. 

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