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Mortgage Loan Rates
The following are the ANNUAL PERCENTAGE RATES AND INTEREST RATES that are effective
Tuesday, November 18, 2008 through Monday, November 24, 2008
15 Year Loan Rates
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| Type |
Interest Rate |
Points |
APR** |
| 15 Year Fixed |
5.875% |
0% |
5.997% |
| 15 Year 1 Year ARM |
3.875% |
0% |
3.991% |
| 15 Year 3 Year ARM |
5.375% |
0% |
4.581% |
30 Year Loan Rates
|
| Type |
Interest Rate |
Points |
APR** |
| 30 Year Fixed |
6.375% |
0% |
6.450% |
| 30 Year 1 Year ARM |
3.875% |
0% |
3.940% |
| 30 Year 3 Year ARM |
5.375% |
0% |
4.289% |
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| * All of the above rates apply to single family owner occupied residential property. Less than 20% down payment requires Private Mortgage Insurance (PMI). |
| For Adjustable Rate Mortgage loans, the interest rate may increase after consummation of the loan. |
| ** APR (Annual Percentage Rate) |
| All Rates Subject To Change |
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| Mortgage Payment Examples |
| The annual percentage rate (APR) calculations are based on a loan amount 0f $100,000 with a 20% down payment, assuming a 30-year amortization. The following monthly payments would apply: |
| Fixed Rate: $623.87 1 Year ARM: $470.29 3 Year ARM: $559.97 |
| The annual percentage rate (APR) calculations are based on a loan amount 0f $100,000 with a 20% down payment, assuming a 15-year amortization. The following monthly payments would apply: |
| Fixed Rate: $837.12 1 Year ARM: $733.49 3 Year ARM: $810.47 |
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