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Home Mortgage Rates
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Product
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Rate
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Points
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Annual Percentage Rate (APR)**
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Payment per Thousand
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30 Year Fixed
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5.625%
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2.000
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5.863%
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$5.76
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15 Year Fixed
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5.125%
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2.000
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5.520%
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$7.97
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30 Year Jumbo
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7.000%
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0.500
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7.166%
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$6.65
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Construction/Permanent<br> 3/1 ARM
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6.750%
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0.000
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5.864%
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$6.49
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3/1 ARM
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6.250%
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0.000
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5.766%
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$6.16
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3/1 Jumbo ARM
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6.250%
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0.000
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5.766%
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$6.16
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5/1 ARM
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6.375%
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0.000
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5.922%
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$6.24
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5/1 Jumbo ARM
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6.375%
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0.000
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5.922%
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$6.24
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**APR's assume a 20% down payment. The 5/1 ARM assumes a 30 year term with the interest rate fixed for the initial 60 months of the loan; the 3/1 ARM assumes a 30 year term with the interest rate fixed for the initial 36 months of the loan; thereafter the rate & payment may adjust every 12 months; interest rate caps of 2% annual and 6% lifetime, and a 2.625% margin. The construction/permanent 3/1 ARM assumes a 30 year term with interest rate fixed for the initial 36 months. The first 12 monthly payments are interest only on the amount of credit outstanding and the remaining 24 months are fixed principal & interest payments: thereafter the rate & payment may adjust every 12 months; interest rate caps of 2% annual and 6% lifetime, and a 2.625% margin. Rates are based on loan amounts of $200,000. Jumbo rates are available for loan amounts greater than conforming loan limits up to $1,000,000. For example on singe family loans the conforming loan limit is $417,000.
Rates are subject to change without notice.
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Rates effective 5/19/2008
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