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Mortgage rates current as of Wednesday
May 14, 2008
Rates subject to change  APR for % of Loan Value* Rates and Disclosures  95%
90%
80%
Rate
Rate Category
30-Year Fixed Rate
6.377%
6.152%
5.889%
5.750%
with Origination Fee
6.535%
6.315%
6.048%
6.000%
w/o Origination Fee
20-Year Fixed Rate
6.309%
6.112%
5.936%
5.750%
with Origination Fee
6.443%
6.242%
6.064%
6.000%
w/o Origination Fee
15-Year Fixed Rate
5.927%
5.750%
5.602%
5.375%
with Origination Fee
6.029%
5.851%
5.700%
5.625%
w/o Origination Fee
9-Month Fixed Rate Commitment
6.636%
6.413%
6.143%
6.000%
30-year with Commitment Fee
6.573%
6.371%
6.190%
6.000%
20-year with Commitment Fee
6.190%
6.009%
5.857%
5.625%
15-year with Commitment Fee
1-Year Adjustable (30-Year Term)
5.548%
4.330%
4.086%
5.000%
with Origination Fee
4.725%
4.505%
4.255%
5.250%
w/o Origination Fee
1-Year Adjustable (15-Year Term)
4.294%
4.135%
3.993%
4.750%
with Origination Fee
4.403%
4.239%
4.099%
5.000%
w/o Origination Fee
5-Year Adjustable (30-Year Term)
5.173%
4.943%
4.667%
5.250%
with Origination Fee
5.347%
5.115%
4.835%
5.500%
w/o Origination Fee
StepRate (30-Year Term) Rate fixed for 5 years then increases 1 1/2% for the remainder of the term
=6.750%
+1.500%
6.298%
5.250%
with Origination Fee
=7.000%
+1.500%
6.452%
5.500%
w/o Origination Fee
Second Homes
N/A
N/A
6.143%
6.000%
with Origination Fee
N/A
N/A
6.301%
6.250%
w/o Origination Fee
  * Annual Percentage Rate (APR) is a required disclosure which must appear anytime an interest rate is given. It is different from the rate due to the fact that any prepaid finance charges (loan discount, origination fees, prepaid interest and other credit costs) and Private Mortgage Insurance (PMI), if required, are added to the loan amount and calculated as additional interest over the life of the loan. Therefore the APR number is higher than that of the interest rate shown. The determination of your monthly payment is based on the interest rate and not affected by the APR numbers. |
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Equal Housing Lender, Member FDIC