Rhode Island Mortgage and Refinance Rates

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Current Rhode Island Mortgage Rates

Average market rates for May 24, 2024 in Rhode Island are 7.10% for 30-year fixed purchase and 7.18% for 30-year fixed refinance

ProductRateAPR
30-year Fixed Purchase7.10%7.12%
30-year Fixed Refinance7.18%7.21%
Rates based on market averages as of May 24, 2024.
ProductRateAPR
30-year Fixed Purchase7.10%7.12%
30-year Fixed Refinance7.18%7.21%
Rates based on market averages as of May 24, 2024.

Rhode Island Purchase Rates

ProductRateAPR
15-year Fixed Purchase6.29%6.33%
15-year Fixed Jumbo Purchase6.69%6.71%
30-year Fixed Purchase7.10%7.12%
30-year Fixed Jumbo Purchase7.31%7.34%
Rates based on market averages as of May 24, 2024.

Rhode Island Refinance Rates

ProductRateAPR
15-year Fixed Refinance6.29%6.33%
15-year Fixed Jumbo Refinance6.70%6.72%
30-year Fixed Refinance7.18%7.21%
30-year Fixed Jumbo Refinance7.28%7.31%
Rates based on market averages as of May 24, 2024.

Rhode Island ARM Rates

ProductRateAPR
5/6 Arm (purchase)7.49%7.52%
5/6 Arm (refinance)7.59%7.63%
5/6 Jumbo Arm (purchase)6.93%6.94%
5/6 Jumbo Arm (refinance)6.99%6.99%
Rates based on market averages as of May 24, 2024.

How we source rates and rate trends

Most Common Mortgage Types in Rhode Island

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

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

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

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