|
Mortgage Loan Rates
For more information, or to apply now, visit our Online Mortgage Center
| The
Annual Percentage Yields are effective as of August 29,
2008 |
|
MORTGAGE PROGRAM
|
POINTS
|
INTEREST RATE
|
APR
|
$ PER
$1000
|
|
|
No
Points |
7.000% |
7.049% |
$6.21 |
|
30 Year Fixed*
|
2
|
6.000%
|
6.245%
|
$6.00
|
|
30 Year Fixed*
|
1
|
6.250%
|
6.401%
|
$6.16
|
|
30 Year Fixed*
|
No Points
|
6.500%
|
|
$6.32
|
30
Year Fixed*
|
No Points
No Closing Costs
|
6.875%
|
6.875%
|
$6.57
|
|
30 Year Fixed In House*
|
No
Points |
6.625%
|
6.681% |
$6.40 |
| 20
Year Fixed* |
2
|
6.125%
|
6.453%
|
$7.24
|
|
20 Year Fixed*
|
1 |
6.375% |
6.576% |
$7.38
|
|
20 Year Fixed*
|
No Points
|
6.625%
|
6.699%
|
$7.53
|
|
20 Year Fixed*
|
No Points
No Closing Costs
|
7.000%
|
7.000%
|
$7.75
|
|
15 Year Fixed*
|
2
|
5.625% |
6.031%
|
$8.24
|
|
15 Year Fixed*
|
1
|
5.875%
|
6.123%
|
$8.37
|
|
15 Year Fixed*
|
No Points
|
6.125%
|
6.216%
|
$8.51
|
|
15 Year Fixed*
|
No Points
No Closing Costs
|
6.500%
|
6.500%
|
$8.71
|
|
10 Year Fixed*
|
2
|
5.500%
|
6.074%
|
$10.85
|
|
10 Year Fixed*
|
1
|
5.750%
|
6.101%
|
$10.98
|
|
10 Year Fixed*
|
No Points
|
6.000%
|
6.128%
|
$11.10
|
|
10 Year Fixed*
|
No Points
No Closing Costs
|
6.375%
|
6.375%
|
$11.29
|
|
3 Year Adjustable**
30 Year Mortgage
|
No Points
|
5.375%
|
5.046%
|
$5.60
|
|
5 Year Adjustable ** 30 Year
Mortgage
|
No
Points |
5.625% |
5.210% |
$5.76 |
For
more information, or to apply now, visit our Online
Mortgage Center
|
Conventional Mortgage Limits as follows:
|
|
Type
|
Maximum Amount
|
|
One Unit
|
|
|
Two Units
|
$533,850.00
|
|
Three Units
|
$645,300.00 |
|
Four Units
|
$801,950.00 |
| The
Annual Percentage Yields are effective as of August 29,
2008. Rates shown for purchases only. Other rates available.
MAX LTV - 80% |
|
Jumbo Loan Rates ($417,001 - $650,00)
|
POINTS
|
INTEREST RATE
|
APR
|
$ PER
$1000
|
|
30 Year Fixed
|
2 |
6.500% |
6.707% |
$6.32 |
|
30 Year Fixed
|
1
|
6.750%
|
6.860%
|
$6.49
|
|
30 Year Fixed
|
0
|
7.000%
|
7.011%
|
$6.65
|
|
20 Year Fixed
|
2
|
6.500%
|
6.772%
|
$7.46
|
| 20
Year Fixed |
1
|
6.750%
|
6.894%
|
$7.60
|
|
20 Year Fixed
|
0
|
7.000%
|
7.015%
|
$7.75
|
|
15 Year Fixed
|
2 |
6.250% |
6.588% |
$8.57
|
|
15 Year Fixed
|
1
|
6.500%
|
6.678%
|
$8.71
|
|
15 Year Fixed
|
0
|
6.750%
|
6.768%
|
$8.85
|
*Annual Percentage Rates (APRs) as
of 08-29-2008 based upon a $100,000 loan for a Conventional
loan and $500,000 for a fixed rate jumbo loan, for owner-occupied
properties, 1-4 family residences, and subject to change.
Mortgage APRs based on 20% downpayment for purchases and 70%
LTV for cash out refinances (fixed rate loans). Rates based
upon a 30 day closing. Adjustable Rate Mortgage APRs are subject
to increase throughout the repayment period. Maximum loan-to-value
(LTV) for First Time Homebuyer program is 97%, and income
restrictions apply. Maximum LTV for all other mortgages is
95% for purchases and no-equity out refinances. Based on 0
points, maximum 80% LTV for purchases or maximum 70% LTV for
cash-out refinance. No Points No Closing (0/0): There are
costs associated with these loan products. Costs are prepaid
interest, tax escrow and PMI if applicable, all other fees
are paid by Medway Co-operative Bank. The Bank will pay the
appraisal fee up to $275. 0/0 - No points/No closing costs
$100,000 minimum mortgage. 0/0 product offered for single
owner occupied properties.
**Jumbo Rates Available.
For
more information, or to apply now, visit our Online
Mortgage Center
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