1 Year 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%.

1 Year ARM Mortgage Rate Explained

1 year ARM is an adjustable rate mortgage where the monthly payment (principal and interest) of the loan does not change during the first year. After that the rate will change based on its "margin" and "index" . Above you will find 1-year ARM refinance rates for national and local lenders in Rhode Island. 

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