MCU: Rates - Mortgage Rates

Rates

Mortgages

These rates are in effect as of Tuesday, October 16, 2018.

Fixed Rate Mortgages

Points	Rates As Low As	APR*	Monthly Payment Per $1,000 Borrowed
10 Year Term - 120 Payments
2	3.750%	4.151%	$9.65
1	3.875%	4.126%	$9.71
0	4.000%	4.102%	$9.77
15 Year Term - 180 Payments
2	3.750%	4.151%	$6.91
1	3.875%	4.126%	$6.97
0	4.000%	4.102%	$7.03
20 Year Term - 240 Payments
2	4.375%	4.694%	$5.93
1	4.500%	4.700%	$5.99
0	4.625%	4.707%	$6.06
25 Year Term - 300 Payments
2	4.375%	4.642%	$5.14
1	4.500%	4.667%	$5.21
0	4.625%	4.693%	$5.28
30 Year Term - 360 Payments
2	4.375%	4.607%	$4.63
1	4.500%	4.646%	$4.70
0	4.625%	4.685%	$4.77

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*APR = Annual Percentage Rate.

THE ABOVE PAYMENT EXAMPLES DO NOT REFLECT AMOUNTS DUE FOR TAXES, HOMEOWNER'S INSURANCE AND PMI INSURANCE (PMI INSURANCE WILL BE REQUIRED IF YOU ARE BORROWING MORE THAN 80% OF THE APPRAISED VALUE OF THE PROPERTY). THEREFORE, YOUR ACTUAL PAYMENT OBLIGATIONS WILL BE HIGHER.

Above APRs are based on loan amounts of $280,000. Above rates are applicable to loans secured by a 1-2 Family home which is the principal residence of the borrower(s). Different rates may apply for loans secured by Co-ops, Second/Vacation homes and 3-4 Family homes. Rates may be higher based on applicant’s creditworthiness. Rates and terms are subject to change without notice. Certain restrictions may apply.

Adjustable Rate Mortgages

Points	Initial Rate (not based on index and margin used to make later adjustments)	Current Rate (based on index and margin)**	APR*	Monthly Payment Per $1,000 Borrowed for first 12 payments based on Initial Rate	Monthly Payment Per $1,000 Borrowed for remaining 348 payments based on Current Rate
1 YEAR ARM (30 YEAR TERM)
2	4.000%	4.000%	4.225%	$4.77	$4.86
1	4.125%	4.000%	4.151%	$4.85	$4.86
0	4.250%	4.000%	4.077%	$4.92	$4.86
3/1 ARM (30 YEAR TERM)
2	4.000%	4.000%	4.225%	$4.77	$5.05
1	4.125%	4.000%	4.169%	$4.85	$5.05
0	4.250%	4.000%	4.114%	$4.92	$5.05
5/1 ARM (30 YEAR TERM)
2	4.000%	4.000%	4.225%	$4.77	$5.28
1	4.125%	4.000%	4.186%	$4.85	$5.28
0	4.250%	4.000%	4.147%	$4.92	$5.28
7/1 ARM (30 YEAR TERM)
2	4.000%	4.000%	4.225%	$4.77	$5.55
1	4.125%	4.000%	4.200%	$4.85	$5.55
0	4.250%	4.000%	4.176%	$4.92	$5.55

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*APR = ANNUAL PERCENTAGE RATE. RATES AND PAYMENTS MAY ADJUST ANNUALLY AFTER THE INITIAL PERIOD EXPIRES BASED ON MOVEMENTS IN THE INDEX.

**CURRENT RATES SHOWN IN TABLE ABOVE FACTOR IN MCU’S FLOOR RATE OF 4%.

THE ABOVE PAYMENT EXAMPLES DO NOT REFLECT AMOUNTS DUE FOR TAXES, HOMEOWNER'S INSURANCE AND PMI INSURANCE. (PMI INSURANCE WILL BE REQUIRED IF YOU ARE BORROWING MORE THAN 80% OF THE APPRAISED VALUE OF THE PROPERTY). THEREFORE, YOUR ACTUAL PAYMENT OBLIGATIONS WILL BE HIGHER.

Above APRs are based on loan amounts of $280,000.Above rates are applicable to loans secured by a 1-2 Family home which is the principal residence of the borrower(s). Different rates may apply for loans secured by Co-ops, Second/Vacation homes and 3-4 Family homes. Rates may be higher based on applicant’s creditworthiness. Rates and terms are subject to change without notice. Certain restrictions may apply.

High Balance Fixed Rate Mortgages

Points	Rates As Low As	APR*	Monthly Payment Per $1,000 Borrowed
15 Year Term - 180 Payments
2	4.000%	4.359%	$6.96
1	4.125%	4.334%	$7.03
0	4.250%	4.310%	$7.09
30 Year Term - 360 Payments
2	4.625%	4.835%	$4.70
1	4.750%	4.873%	$4.77
0	4.875%	4.910%	$4.85

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View Disclosure Calculator

*APR = Annual Percentage Rate.

THE ABOVE PAYMENT EXAMPLES DO NOT REFLECT AMOUNTS DUE FOR TAXES, HOMEOWNER'S INSURANCE AND PMI INSURANCE (PMI INSURANCE WILL BE REQUIRED IF YOU ARE BORROWING MORE THAN 80% OF THE APPRAISED VALUE OF THE PROPERTY). THEREFORE, YOUR ACTUAL PAYMENT OBLIGATIONS WILL BE HIGHER.

Above APRs are based on loan amounts of $480,000. Above rates are applicable to loans secured by a 1-2 Family home which is the principal residence of the borrower(s). Different rates may apply for loans secured by Co-ops, Second/Vacation homes and 3-4 Family homes. Rates may be higher based on applicant’s creditworthiness. Rates and terms are subject to change without notice. Certain restrictions may apply.

Jumbo Fixed Rate Mortgages

Points	Rates As Low As	APR*	Monthly Payment Per $1,000 Borrowed
10 Year Term - 120 Payments
2	4.125%	4.468%	$9.83
1	4.250%	4.442%	$9.89
0	4.375%	4.418%	$9.95
15 Year Term - 180 Payments
2	4.125%	4.468%	$7.09
1	4.250%	4.442%	$7.15
0	4.375%	4.418%	$7.21
20 Year Term - 240 Payments
2	4.750%	5.024%	$6.13
1	4.875%	5.029%	$6.19
0	5.000%	5.034%	$6.26
25 Year Term - 300 Payments
2	4.750%	4.980%	$5.35
1	4.875%	5.004%	$5.42
0	5.000%	5.029%	$5.49
30 Year Term - 360 Payments
2	4.750%	4.951%	$4.85
1	4.875%	4988%	$4.92
0	5.000%	5.025%	$4.99

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View Disclosure Calculator

*APR = Annual Percentage Rate.

THE ABOVE PAYMENT EXAMPLES DO NOT REFLECT AMOUNTS DUE FOR TAXES, HOMEOWNER'S INSURANCE AND PMI INSURANCE (PMI INSURANCE WILL BE REQUIRED IF YOU ARE BORROWING MORE THAN 80% OF THE APPRAISED VALUE OF THE PROPERTY). THEREFORE, YOUR ACTUAL PAYMENT OBLIGATIONS WILL BE HIGHER.

Above APRs are based on loan amounts of $680,000. Above rates are applicable to loans secured by a 1-2 Family home which is the principal residence of the borrower(s). Different rates may apply for loans secured by Co-ops, Second/Vacation homes and 3-4 Family homes. Rates may be higher based on applicant’s creditworthiness. Rates and terms are subject to change without notice. Certain restrictions may apply.

Home Equity Line of Credit

Current APR* Based on Index and Margin, As Low As	Minimum Line	Maximum Line
Home Equity Line Of Credit
5.25%	$20,000	$500,000

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Calculator

*APR = Annual Percentage Rate.

*HELOC closing costs are waived if, at closing, you take a minimum advance of $25,000 on line amounts below $250,000 ($50,000 on line amounts $250,000 or over) and you keep your line of credit open for at least three years otherwise you will be required to reimburse MCU for certain fees paid to third parties. These fees can be as low as $1,200 for a $20,000 HELOC and as high as $13,000 for a $500,000 HELOC.

THE ANNUAL PERCENTAGE RATE MAY VARY AND IS EQUAL TO THE HIGHEST PRIME RATE PUBLISHED IN THE WALL STREET JOURNAL ON OR BEFORE THE LAST DAY OF THE PRECEDING MONTHLY BILLING PERIOD PLUS A MARGIN BETWEEN 0% AND 3%.

Rates may be higher based on applicant’s creditworthiness. The maximum Annual Percentage Rate that may be imposed is 6.00% above the initial interest rate at closing. Rates and terms are subject to change without notice. Other terms and conditions apply.

HELOCs are secured by a mortgage on your primary residence. Co-ops are not accepted. Property insurance is required. New accounts cannot be used to consolidate existing MCU debt. Certain restrictions may apply. Membership is required.

These rates are in effect as of Tuesday, October 16, 2018.
Rates and terms are subject to change without notice.

Rates

Mortgages

Fixed Rate Mortgages

Adjustable Rate Mortgages

High Balance Fixed Rate Mortgages

Jumbo Fixed Rate Mortgages

Home Equity Line of Credit

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