Rhode Island Mortgage and Refinance Rates

Written by Refi.com Team

Updated October 1, 2023

Newport, Rhode Island
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Table of Contents

» MORE: Compare top mortgage refinancing lenders

Current Rhode Island Mortgage Rates

Average market rates for 10-02-2023 in Rhode Island are 7.128% for 30 Year Fixed Purchase and 7.215% for 30 Year Fixed Refinance

DateProductRate
10-02-202330 Year Fixed Purchase7.128%
10-02-202330 Year Fixed Refinance7.215%

Rhode Island Purchase Rates

DateProductRate
10-02-202315 Year Fixed Purchase6.305%
10-02-202315 Year fixed Jumbo Purchase7.406%
10-02-202330 Year Fixed Purchase7.128%
10-02-202330 Year Fixed Jumbo Purchase7.32%

Rhode Island Refinance Rates

DateProductRate
10-02-202315 Year Fixed Refinance6.303%
10-02-202315 Year fixed Jumbo Refinance7.273%
10-02-202330 Year Fixed Refinance7.215%
10-02-202330 Year Fixed Jumbo Refinance7.419%

Rhode Island ARM Rates

DateProductRate
10-02-20235/6 ARM SOFR Purchase6.958%
10-02-20235/6 ARM SOFR Refinance6.97%
10-02-20235/6 ARM Jumbo SOFR Purchase6.438%
10-02-20235/6 ARM Jumbo SOFR Refinance6.438%

How we source rates and rate trends

» MORE: Check your 2023 home refinance eligibility

Most Common Mortgage Types in Rhode Island

  • FHA: 2,677 loans
  • Conventional: 8,664 loans
  • VA: 660 loans
  • USDA: 6 loans

» MORE: See today’s refinance rates

Top Purchase Lenders in Rhode Island by Volume

  • Movement Mortgage, LLC: 929 loans
  • Nfm, Inc.: 655 loans
  • Navigant Credit Union: 544 loans
  • Primary Residential Mortgage, Inc.: 425 loans
  • Guild Mortgage Company LLC: 373 loans
  • The Washington Trust Company, Of Westerly: 371 loans
  • Shamrock Home Loans, Inc.: 360 loans
  • Northpointe Bank: 354 loans
  • Citizens Bank: 340 loans
  • Semper Home Loans, Inc.: 318 loans

» MORE: Find competitive mortgage rates near you

Top Refinance Lenders in Rhode Island by Volume

  • Citizens Bank: 1,292 loans
  • Pawtucket: 480 loans
  • Navigant Credit Union: 402 loans
  • The Washington Trust Company, Of Westerly: 211 loans
  • Bank Rhode Island: 142 loans
  • Rocket Mortgage, LLC: 141 loans
  • Webster Bank: 106 loans
  • Bank Of America: 94 loans
  • Semper Home Loans, Inc.: 69 loans
  • Freedom Mortgage Corporation: 68 loans

Top Cash-Out Refinance Lenders in Rhode Island by Volume

  • Rocket Mortgage, LLC: 720 loans
  • Pawtucket: 359 loans
  • Citizens Bank: 274 loans
  • Navigant Credit Union: 253 loans
  • Loandepot.com, LLC: 222 loans
  • Nationstar Mortgage LLC: 171 loans
  • Banknewport: 170 loans
  • Greenwood Credit Union: 165 loans
  • Freedom Mortgage Corporation: 139 loans
  • Rhode Island Credit Union: 138 loans

How we source lender data

Refi.com Team

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