Conventional Fixed Rate Mortgage Rates

Rates effective as of February 7, 2016.

Conventional Fixed Rate Mortgage

Conventional Fixed Rate MortgageRatesPointsAPR
30 Year 3.625% 0 3.665%
30 Year 3.500% 0.5 3.580%
30 Year 3.375% 1 3.495%
25 Year Bi-Weekly 3.500% 0 3.542%
20 Year 3.500% 0 3.556%
20 Year 3.375% 0.5 3.487%
20 Year 3.250% 1 3.418%
15 Year 2.875% 0 2.946%
15 Year 2.750% 0.5 2.892%
15 Year 2.625% 1 2.839%
10 Year 2.750% 0 2.853%
10 Year 2.625% 0.5 2.832%
10 Year 2.500% 1 2.812%
7 Year 2.625% 0 2.769%

HomeReady MortgageRatePointsAPR
30 Year 3.875% 0.0 3.916%

On a 30 year mortgage, with 0 points, for $165,000.00 with an interest rate of 3.625% (3.665% APR) and a minimum down payment of 20% ($206,250 purchase price with $41,250 down payment), the principal and interest payment would be $752.48 per month. (An application fee of $425.00 is included when calculating the APR.)

Minimum loan amount: $25,000

Maximum conforming loan amount: $417,000

For Jumbo loans (over $417,000), add 0.50% to conventional rates

Rates subject to change without notice

All loans subject to secondary market underwriting requirements

Contact Solvay Bank Mortgage Department for further details at 315-484-2205.