Where to Get the Best Massachusetts Mortgage Rates on an ARM

If you’re considering purchasing a house, but conventional fixed rate mortgages don’t impress you, consider obtaining an adjustable rate mortgage instead. ARMs function differently than fixed mortgage loans, and right now, you could secure an exceptionally low interest rate on one.

We’ve compiled the very best Massachusetts mortgage rates available for adjustable rate mortgages near you. Learn where you can get your hands on a great rate in your state.

Best ARM Rates in Massachusetts

Whether you bank with a traditional financial institution, a credit union or are thinking about financing online, there are a number of options available:

Best Massachusetts Mortgage Rates: 3/1 ARM

• Sovereign Bank: 2.75%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• Nantucket Bank, A Division of Sovereign Bank: 2.75%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• IC Federal Credit Union: 2.75%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• Country Bank for Savings: 2.88%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• Grafton Suburban Credit Union: 2.88%
• • No Orig. Fees
  • Points: 0.25
  • Caps: 2% per Adjustment Period

Top Mortgage Rates in Massachusetts: 5/1 ARM

• Nantucket Bank, A Division of Sovereign Bank: 2.63%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• Bank of America, National Association: 2.63%
• • No Orig. Fees
  • Points: 1
  • Caps: 2% per Adjustment Period


• Sovereign Bank: 2.63%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• United Bank: 2.75%
• • No Orig. Fees
  • Points: 1
  • Caps: 2% per Adjustment Period


• RBS Citizens, National Association: 2.88%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period

Be sure you verify these mortgage rates with the lender before you apply. These rates are accurate as of October 15, 2011, but could change at any time. Further, you may be subject to additional requirements or credit approval in order to obtain the lowest advertised Massachusetts mortgage rate.