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| TERM |
RATE |
APR |
| 30 Yr. Fix |
6.0% |
6.057% |
| 15 Yr. Fix |
5.750% |
5.845% |
| 30 Yr. Jumbo |
6.250% |
6.308% |
| 15 Yr. Jumbo |
6.0% |
6.0% |
| Monthly ARM |
0% |
N/A |
| 3/1 ARM |
6.0% |
6.96% |
| 1 Yr. ARM |
5.5% |
7.249% |
| 3 Yr. ARM |
6.96% |
6.0% |
| 5 Yr. ARM |
5.750% |
6.706% |
| 7 Yr. ARM |
6.0% |
6.658% |
| 10 Yr. ARM |
6.562% |
6.125% |
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Annual Percentage Rate (APR) - The total cost of the loan,
expressed in the simple percentage of interest charged each year. It takes into
consideration interest, points and closing costs.
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|
Adjustable-Rate Mortgage (ARM) - A loan agreement, secured by
property, in which the annual percentage rate may change according to a
schedule identified in the contract
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