Designed with you in mind

With all of the buzz about rate changes, it can be difficult to know what is right for your situation. The simple answer is truly: it depends. MMFCU is here to help you decipher all of the options you have.

Your home is worth taking the time to make informed, wealth-building decisions for you and your family during this time.

  • First, you’ll need to take into account several factors.
  • Your current rate on your mortage
  • How long you plan to stay in the property
  • The amount of money (monthly) you will save if you refinance
  • Reduction of the term of the loan

A good rule of thumb is to look for a difference of at least 0.50% between your current and new rate.

As always, our mortgage team is here to help you with any questions you may have along the way!

Mortgage Rates

TermNominal RateAPRPayment per $1000 borrowed
Jumbo Mortgage Loan Rates
30 Year Fixed - Jumbo4.125%4.177%$4.85
15 Year Fixed - Jumbo3.500%3.560%$7.14
Fixed Rate Mortgages
30 Year Fixed - 0 Points3.375%3.423%$4.42
30 Year Fixed - 1 Point3.125%3.258%$4.28
30 Year Fixed - 2 Points2.875%3.208%$4.21
30 Year Fixed - High Balance3.625%3.672%$4.56
Flex 97 - 30 Year3.625%3.672%$4.56
20 Year Fixed - 0 Points3.125%3.193%$5.61
15 Year Fixed - 0 Points2.750%2.815%$6.78
15 Year Fixed - 1 Point2.500%2.708%$6.66
15 Year Fixed - 2 Points2.125%2.475%$6.49
15 Year Fixed - High Balance3.375%3.436%$7.08
Fast Track Mortgage Refinance
12 Years3.000%3.089%$8.28
11 Years2.875%2.970%$8.85
10 Years2.750%2.854%$9.55
9 Years2.625%2.740%$10.41
8 Years2.500%2.628%$11.51
7 Years2.375%2.520%$12.94
6 Years2.125%2.293%$14.81
5 Years2.000%2.200%$17.53
Adjustable Rate Mortgages
5/1 ARM - 1 Point3.125%3.173%$4.28
5/1 ARM - 2 Points2.750%3.128%$4.21
7/1 ARM - 1 Point3.250%3.128%$4.21
7/1 ARM - 2 Points2.875%3.128%$4.21
10/1 ARM - 1 Point3.500%3.547%$4.49
10/2 ARM - 2 Points3.125%3.258%$4.28

*Any payment amount quoted does not include amounts for taxes and insurance premiums. If these are included with your mortgage, your payment will be higher than the payment amount quoted.

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