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Mortgage Rates
Rates listed on this page are only a selection and do not represent all rates, terms and products available. Additional rates, terms, and products that suit your particular need may be available.
Fixed-Rate Mortgages
|
Type
|
Rate
|
APR footnote 1
|
Points
|
| 30 Year - Fixed Rate | 6.625% | 6.725% | 0.00 |
| 20 Year - Fixed Rate | 6.625% | 6.756% | 0.00 |
| 15 Year - Fixed Rate | 6.125% | 6.287% | 0.00 |
| 10 Year - Fixed Rate | 6.125% | 6.353% | 0.00 |
*APR calculates automatically based on rate.
Adjustable-Rate Mortgages
|
Type
|
Rate
|
APR
|
Points
|
| 5/1 ARM - 30 Year Term | 6.125% | 6.764% | 0.00 |
| 5/1 ARM - 15 Year Term | 5.875% | 6.622% | 0.00 |
| 7/1 ARM - 30 Year Term | 6.250% | 6.748% | 0.00 |
| 7/1 ARM - 15 Year Term | 6.000% | 6.575% | 0.00 |
| 10/1 ARM - 30 Year Term | 6.375% | 6.751% | 0.00 |
| 10/1 ARM - 15 Year Term | 6.125% | 6.568% | 0.00 |
Jumbo Mortgages
|
Type
|
Rate
|
APR
|
Points
|
| 30 Year - Fixed Rate | 6.625% | 6.725% | 0.00 |
| 20 Year - Fixed Rate | 6.625% | 6.756% | 0.00 |
| 15 Year - Fixed Rate | 6.125% | 6.287% | 0.00 |
| 5/1 ARM - 30 Year Term | 6.125% | 6.729% | 0.00 |
| 7/1 ARM - 30 Year Term | 6.250% | 6.714% | 0.00 |
| 10/1 ARM - 30 Year Term | 6.375% | 6.717% | 0.00 |
- Rates listed above are available to well qualified borrowers who are purchasing or refinancing the current mortgage balance for their primary residence.
- Add .25% for cash-out refinance transactions.
- Rates and terms are subject to change without notice.
- Reduced rates may be available through the purchase of "points". The cost of a point is equal to 1% of the loan amount. For most products, one point will reduce the rate by .25%. Please indicate your intention to purchase points when you apply.
- Maximum term on loans less than $25,000 is 10 years.
- Rate and points are locked in for 60 days from the date of application.
- Private Mortgage Insurance (PMI) is required for loans over 80% loan-to-value. Rates listed do not include PMI.
- Add 0.500% for Construction and Completion Loans. Construction and Completion Loans have a 12-month rate lock while your new home is being built or completed. Rate reductions may be available if construction is completed in less than 9 months (.250% reduction) or less than 6 months (.375% reduction).
- Additional Adjustable Rate Mortgage Details
- Margin is 2.5%.
- Cap is 2% Maximum Adjustment per Year — 6% LIFE.
- Closing Rate is floor.
- May be convertible to Fixed Rate during 13th through 60th months, $250 Conversion Fee — Use the 60-day FNMA Index. Email CEFCU or call 1.800.542.3328 ext. 33424 for more details.