 |
Current
Mortage Rates
Rates Effective
08/25/08-08/31/08
| |
TYPE |
APR* |
POINTS |
Effective
APR |
| FIXED
RATES |
15 YR
|
5.60%
|
1.00
|
5.91%
|
|
|
5.85%
|
0
|
6.00%
|
| |
|
20 YR
|
6.30%
|
1.00%
|
6.41%
|
|
|
6.55%
|
0
|
6.55%
|
| |
TYPE |
APR*> |
POINTS |
Effective
APR |
MARGIN |
Per
Adj Cap |
Lifetime
Cap/Floor |
Index |
|
ADJUSTABLE RATES |
1 YR |
3.75% |
1.00 |
5.86% |
3.00 |
2.00 |
6.00% |
2.18 |
| |
4.00% |
0 |
5.81% |
3.00
|
2.00 |
6.00% |
2.18 |
|
|
|
5/1 YR |
4.625% |
1.00 |
5.52% |
2.75 |
2.00 |
6.0% |
2.18 |
| |
4.875% |
0 |
5.53% |
2.75 |
2.00 |
6.0% |
2.18 |
|
|
|
7/1 YR |
5.125% |
1.00 |
5.65% |
2.75 |
2.00 |
6.0% |
2.18 |
| |
5.375% |
0 |
5.68% |
2.75 |
2.00 |
6.0% |
2.18 |
|
|
|
3 YR |
4.00% |
1.00 |
5.59% |
2.75 |
2.00 |
6.0% |
2.75 |
| |
4.25% |
0 |
5.56% |
2.75 |
2.00 |
6.0% |
2.75 |
*APR is the Annual Percentage Rate
** The rates quoted here are indications only; all
rates are subject to change without notice.
The rates and points set forth above are for a loan to home
value ratio (LTV) of 70% or less. In the event that the borrower's
LTV exceeds 70%, on refinance only, the points will be adjusted
upward an additional .50 percent for an LTV of
70.01% to 79.99%
and an additional .75 percent for an LTV of
80% to 90%.
*** Monthly payment examples assume a loan amount of $100,000.
All adjustable rates quoted assume a 30 year amortization.
- The rate indicated for adjustable rate mortgages is the
initial rate and subject to increase. For example, the 5/1 ARM; the initial rate is fixed for five years and may adjust
annually thereafter.
- Owner occupied fixed rate purchase mortgages require minimum
5% down. Owner occupied variable rate mortgages require
a minimum 100% down, with the exception of zero down on
5/1 yr. Product. Refinancing of both fixed or variable rate
owner occupied mortgages require a minimum down of 10%.
Income property mortgages require a minimum down of 30%.
- 15 year term equals
180 payments and
30 year term equals
360 payments.
- For variable rates the lifetime cap shown is the percentage
that, when added to the initial rate, is the maximum interest
rate.
- Other terms and conditions may apply. Contact the Credit
Union for details.
- 30 year fixed rates to change daily. Contact the Credit
Union for details.
- 30 year fixed mortgages offer a payment option of monthly
only.
- Non-conforming loans now offered. Contact the Credit Union
for details.
|
Current
Loan Rates»
