Mortgage Rates for Monday, December 10, 2018
|Conventional Fannie Mae Mortgage Product||Origination Fee or Lender Credit||Interest Rate||APR|
|20-Year Fixed Rate1 2||0.24|
|30-Year Fixed Rate1 2||0.56|
|15-Year Fixed Rate Non-Owner Occupied 1||0%||4.875%||4.969%|
|30-Year Fixed Rate Non-Owner Occupied 1 2||0.36|
1. Rates stated are for Loan Amounts greater than $100,000, a 740 or higher credit score, an LTV of 80% or less and a 45 day rate lock. Rates are updated twice daily at approximately 9:30 a.m. and 1:30 p.m.
No rate lock deposit required for Conventional Fannie Mae Mortgage products.
2. You can reduce your rate by paying an Origination Fee or receive a Lender Credit towards closing costs by paying a higher rate. The Origination Fee and Lender Credit are shown as a percentage of the loan amount.
For example, an Origination Fee of 0.10% of the loan amount equals $100 for every $100,000 borrowed.
For example, a Lender Credit of -0.10% of the loan amount means PFFCU will pay you at closing $100 for every $100,000 borrowed.
|PFFCU EXPRESS Refi Mortgage||Points||Interest Rate||APR|
|10-Year Fixed Rate1||0%||4.375%||4.590%|
|15-Year Fixed Rate1||0%||4.375%||4.524%|
|20-Year Fixed Rate1||0%||4.625%||4.743%|
|15-Year Fixed Rate Non-Owner Occupied2||0%||4.875%||5.027%|
1. You can select to lock-in your rate for a PFFCU EXPRESS Refi Mortgage for 45 days with a rate lock deposit of $500.
2. You can select to lock-in your rate for a PFFCU EXPRESS Refi Mortgage for 60 days with a rate lock deposit of $500.
The rates above reflect the lowest available rates. The rate you receive may be higher based on your credit score, mortgage loan-to-value ratio or other loan factors.
Rates are based on loans up to $453,100. For rates on loans exceeding $453,100 (Jumbo loans) call PFFCU at 215-931-0300 or 800-228-8801 and ask to speak to a Mortgage Advisor to discuss your applicable rate.
A satisfaction fee is charged by the county government when a loan is paid off. PFFCU will collect that fee from you at the closing of your loan.
What is “Rate Lock-in”?
A rate lock-in, also known as rate lock, is an agreement between a borrower and a lender that guarantees a certain interest rate on a mortgage loan for a specified period of time.
If you want to “lock-in” your interest rate, call 267-332-3400 to speak with a Mortgage Advisor or Loan Processor.