5/1 ARM Mortgage Rates in Rhode Island

Mortgage rates for Rhode Island go up to 3.44%

Mortgage rates for Rhode Island on Lender411 for 30-year fixed-rate mortgages are at 3.44%. That increased from 3.00% to 3.44%. The 15-year fixed rates are now at 2.56%. The 5/1 ARM mortgage for Rhode Island 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 Rhode Island. 

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