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Current Rates

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Mortgages



Fixed Rate Products
Type of Mortgage Interest Rate Points APR
Conventional 30 Year Bi-Weekly 6.000% 2.00 6.264%
6.250% 1.00 6.406%
6.500% 0.00 6.546%
Example: A 30-year bi-weekly mortgage with 2 points; the rate would be 6.000%. Based on a purchase of $125,000 with 20% down payment, the amount financed would be $100,000 with 633 bi-weekly payments of approximately $299.78 principal and interest), a finance charge of $92,782.95 bringing the total payment to $190,357.07.
Conventional 30 Year Fixed
(360 monthly payments)
5.875% 2.00 6.100%
6.125% 1.00 6.257%
6.375% 0.00 6.412%
Example: A 30-year fixed rate mortgage with 2 points; the rate would be 5.875% based on a purchase price of $125,000 with 20% down payment, the amount financed would be $100,000 with 360 monthly payments of approximately $591.56(principal and interest), a finance charge of $115,834.68 total payments to $212,952.08
Conventional 15 Year Fixed
(180 monthly payments)
5.375% 2.00 5.746%
5.625% 1.00 5.841%
5.875% 0.00 5.936%
Example: A 15-year fixed rate mortgage with 2 points; the rate would be 5.375%. Based on a purchase price of $125,000 with 20% down payment, the amount financed would be $100,000 with 180 monthly payments of approximately $810.47(principal and interest), a finance charge of $48,724.32 bringing the total payment to $145,883.42.
Conventional 15 Year Bi-Weekly 5.500% 2.00 5.959%
5.750% 1.00 6.037%
6.000% 0.00 6.115%
Example: A 15-year bi-weekly mortgage with 2 points; the rate would be 5.500%. Based on a purchase of $125,000 with 20% down payment, the amount financed would be $100,000 with 344 bi-weekly payments of approximately $408.54 (principal and interest), a finance charge of $43,674.96 bringing the total payment to $140,829.86.
APR equals Annual Percentage Rate




Variable Rate Products
Type of Mortgage Interest Rate Points APR
1 Year ARM (Conforming)
(360 monthly payments)
5.000% 2.00 4.869%
5.250% 1.00 4.803%
5.500% 0.00 4.738%
Example: A 1 year Adjustable Rate Mortgage with 2 points; the rate would be 5.000%. Based on a purchase of $125,000 with 20% down payment, the amount financed would be $100,000 with 360 month payments of approximately $536.82(principal and interest), a finance charge of $88,360.50 bringing the total payment to $185,550.80.
3 Year ARM (Conforming)
(360 monthly payments)
5.875% 2.00 5.627%
6.125% 1.00 5.598%
6.375% 0.00 5.570%
Example: A 3 year Adjustable Rate Mortgage with 2 points; the rate would be 5.875%. Based on a purchase of $125,000 with 20% down payment, the amount financed would be $100,000 with 360 month payments of approximately $591.54(principal and interest), a finance charge of $103,952.80 bringing the total payment to $201,070.20.
5 Year ARM (Conforming)
(360 monthly payments)
5.875% 2.00 6.024%
6.125% 1.00 6.029%
6.375% 0.00 6.034%
Example: A 5 year Adjustable Rate Mortgage with 2 points; the rate would be 5.875%. Based on a purchase of $125,000 with 20% down payment, the amount financed would be $100,000 with 360 month payments of approximately $591.54(principal and interest), a finance charge of $113,724.13 bringing the total payment to $210,841.53.
APR equals Annual Percentage Rate
ARM equals Adjustable Rate Mortgage

 

Effective date 05/13/2008 - Prices are subject to change daily.