Mortgage Rates in Rhode Island

  1. Compare Mortgage Rates
  2. Rhode Island Mortgage Rates
15-Year Fixed mortgage rates today with 0.000% point(s) in Rhode Island are at 7.375%, Current Rhode Island fixed rate mortgages for a 30-Year Fixed mortgage are at 7.125% with 2.000% point(s), 20-Year Fixed mortgage rates in Rhode Island are at 7.000% with 0.000% point(s). Adjustable rates on 10-Year ARM loans in Rhode Island with 0.000% point(s) are at 8.000%., Adjustable rates on 7/6 Month ARM loans in Rhode Island with 1.000% point(s) are at 6.750%., Adjustable rates on 10/6 ARM loans in Rhode Island with 0.949% point(s) are at 6.625%..
Loan Term
Lender
APR / Rate
Payment
Fees and Points
 
District Lending
NMLS #598623
5.394%
15-Year Fixed
5.250%
$3,216 /mo
$3,784
Includes 0.946 points for $3,784
Lender Fees: $0
Next >
PADDIO
NMLS #1907
5.865%
15-Year Fixed
5.625%
$3,295 /mo
$6,252
Includes 0.688 points for $2,752
Lender Fees: $3,500
Next >
PenFed Credit Union
NMLS #401822
6.312%
30-Year Fixed
6.125%
$2,431 /mo
$8,000
Includes 1.000 points for $4,000
Lender Fees: $4,000
Next >
District Lending
NMLS #598623
6.321%
30-Year Fixed
6.250%
$2,463 /mo
$3,004
Includes 0.751 points for $3,004
Lender Fees: $0
Next >
PenFed Credit Union
NMLS #401822
6.379%
15-Year Fixed
6.125%
$3,403 /mo
$6,500
Includes 0.625 points for $2,500
Lender Fees: $4,000
Next >
District Lending
NMLS #598623
6.570%
5-Year ARM
6.500%
$2,529 /mo
$2,904
Includes 0.726 points for $2,904
Lender Fees: $0
Next >
PADDIO
NMLS #1907
6.878%
30-Year Fixed
6.750%
$2,595 /mo
$5,252
Includes 0.438 points for $1,752
Lender Fees: $3,500
Next >
Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes or insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.

Rhode Island Mortgage Rates:

Search and compare mortgage rates and refinance rates in Rhode Island. Our rate table has a list of Rhode Island mortgage rates and mortgage refinance rates. You can also use our free mortgage calculator to calculate monthly mortgage payments.

When you start your search for current mortgage rates in Rhode Island you need to first have an understanding of the types of mortgages available and their corresponding interest rates. Types of rates available in Rhode Island include conforming mortgage rates, super conforming rates, jumbo rates, adjustable rates, HELOC rates and home equity loan rates. There are variations of each type of mortgage available in $regionName listed below.

Mortgage Rates in Rhode Island December 10, 2023

Lender
Product
Rate
APR
Points
Old National Bank
30-Year Fixed FHA
7.250%
9.002%
0.000
First Nations Bank
30-Year Fixed
8.375%
8.498%
0.000
Lake Shore Savings Bank
30-Year Fixed
8.250%
8.411%
0.000
Old National Bank
5/6M SOFR ARM
8.250%
8.361%
0.000
Lake Shore Savings Bank
20-Year Fixed
8.150%
8.354%
0.000
Show More

The mortgage rates presented are solely intended for informational use. Please consult the mentioned lenders for up-to-date mortgage rates. The actual mortgage rates and other loan conditions depend on the lender's approval and are not guaranteed.

Rhode Island Lenders and Mortgage Brokers

List your company here at no cost: Are you a lender or mortgage broker in Rhode Island? Are you interested in having your company, contact information, website and logo listed here? Contact us at to find out how.

Rhode Island Real Estate Agents

List your contact information at no cost: Are you a real estate agent agent in Rhode Island? You can list your company, contact information, website an logo here. Contact us to find out how.

Rhode Island Conforming Mortgage Rates

Conforming mortgage rates are rates on mortgages that meet the criteria set out by the Federal Housing Finance Agency. There are limits set for each county of Rhode Island. There are higher mortgage loan limits for designated high-cost areas, like on the coasts and in large cities.

Rhode Island mortgages that “conform” to the standards set out by the Federal Housing Finance Agency can be purchased by Freddie Mac and Fannie Mae. This process guarantees banks are able to resell Rhode Island mortgage loans that have been made. As a result, Rhode Island mortgage rates today are lower than jumbo interest rates in $regionName. Conforming mortgages and jumbo mortgages are available in terms of 40 years, 30 years, 25 years, 20 years, 15 years and 10 years.

Rhode Island Super Conforming Home Loan Rates

Super conforming mortgages in Rhode Island are mortgages that have higher mortgage loan amounts but still “conform” to the standards set by the Federal Housing Finance Agency. Super conforming mortgages are available for the higher cost housing areas like the coasts and in large cities.

Rhode Island Jumbo Loan Interest Rates

Rhode Island jumbo mortgage rates are rates for mortgage loans that have a dollar amount higher than conforming and super conforming loan amounts. Jumbo home loan rates in Rhode Island are usually 0.75 basis points higher than conforming mortgage rates in Rhode Island because there is no guarantee banks and credit unions can sell these mortgages after they make the loans.

Rhode Island Fixed Rate Mortgages

Fixed rate mortgages are the most common mortgage available in Rhode Island. The mortgage rate and the monthly payment stay the same for the entire life of the mortgage loan. This makes fixed rate mortgages the most stable and predictable for mortgagees.

Rhode Island Adjustable Interest Rates

Rhode Island adjustable mortgages have a fixed mortgage rate for a certain number of years and then the mortgage rate adjusts every year after the initial period. There are usually yearly caps and life time caps on how much the mortgage interest rate and fluctuate. Your monthly mortgage payment will be lower at first but can rise when mortgage rates rise. Adjustable mortgages are available in terms of 1 year, 3 years, 5 years, 7 years and 10 years.

Rhode Island Interest Only Home Mortgage Rates

Rhode Island interest only mortgages are mortgages that the borrower pays only the interest on the principal balance or a set period of time. After the initial period the mortgagee pays both interest and principal. Interest only (IO) mortgages were popular during the housing boom.

Rhode Island FHA Mortgage Mortgage Rates

Borrowers in Rhode Island must meet certain requirements established by FHA to qualify for a mortgage insured by the FHA. FHA mortgage interest rates in Rhode Island are usually lower than conforming mortgage interest rates because mortgage lenders bear less risk because FHA will pay the lender if a homeowner defaults on his or her mortgage loan.


Rhode Island Rates & Resources

Rhode Island Savings Rates
Rhode Island CD Rates
Map for Rhode Island Rates & Resources


Cities in Rhode Island