DCU - Mortgage Rates

Adjustable Rate Conforming (ARM) and Fixed/Adjustable Mortgages

Conforming Mortgage rates are effective October 10, 2008 and are subject to change at any time.
Rates apply to loans up to $417,000.

Rate Change Caps – This is the maximum amount interest rates on Adjustable Rate Loans can change up or down. The first number is the amount they can change up or down on the first adjustment date. The second number is the amount they can change each subsequent year on the anniversary date. The third number is the maximum total change, up or down, over the life of the loan.

Term / Property

Points

Interest Rate

APR

Initial / Annual / Life Rate Change Caps

Margin / Index

Estimated Monthly Payment per $1,000

1-Year ARM – 30-year term
Owner occupied, up to 95% of home value

1 points

5.750%

4.61%

2% / 2% / 6%

2.75% / 1.59

$5.84

0 points

6.000%

4.54%

2% / 2% / 6%

2.75% / 1.59

$6.00

3/1 Fixed/Adjustable
30-year term, owner occupied, up to 95% of home value

0.5 points

5.750%

4.78%

2% / 2% / 6%

2.75% / 1.59

$5.84

0 points

6.000%

4.79%

2% / 2% / 6%

2.75% / 1.59

$6.00

5/1 Fixed/Adjustable
30-year term, owner occupied, up to 95% of home value

0.5 points

6.250%

5.16%

2% / 2% / 5%

2.75% / 1.59

$6.16

0 points

6.625%

5.26%

2% / 2% / 5%

2.75% / 1.59

$6.40

Interest-Only 5/1 Fixed/Adjustable
Interest only payments for first 5 years, 30-year term, owner occupied, up to 95% of home value

0.5 points

6.375%

5.21%

2% / 2% / 6%

2.75% / 1.59

$5.31

0 points

6.750%

5.31%

2% / 2% / 6%

2.75% / 1.59

$5.63

7/1 Fixed/Adjustable
30-year term, owner occupied, up to 95% of home value

0.5 points

6.500%

5.53%

5% / 2% / 5%

2.75% / 1.59

$6.32

0 points

6.875%

5.68%

5% / 2% / 5%

2.75% / 1.59

$6.57

10/1 Fixed/Adjustable
30-year term, owner occupied, up to 95% of home value

0.5 points

6.625%

5.94%

5% / 2% / 5%

2.75% / 1.59

$6.40

0 points

7.000%

6.15%

5% / 2% / 5%

2.75% / 1.59

$6.65

Fixed-Rate Conforming and Biweekly Mortgages

Conforming Mortgage rates are effective October 10, 2008 and are subject to change at any time.
Rates apply to loans up to $417,000. Biweekly option is not available on VA and 40-Year Fixed-Rate Loans.
NPNC = No Points, No Closing Costs program. The minimum loan for NPNC is $100,000.

Term / Property

Points

Interest Rate

APR

Estimated Monthly Payment per $1,000

40-Year Fixed
Owner occupied, up to 95% of home value

2.125 points

6.750%

6.96%

$6.03

1.125 points

7.125%

7.26%

$6.31

.125 points

7.500%

7.54%

$6.58

NPNC

8.125%

8.13%

$7.05

30-Year Fixed
Owner occupied, up to 95% of home value

2 points

6.125%

6.35%

$6.08

1 point

6.375%

6.51%

$6.24

0 points

6.750%

6.79%

$6.49

NPNC

7.500%

7.50%

$6.99

20-Year Fixed
Owner occupied, up to 95% of home value

2 points

6.125%

6.43%

$7.24

1 point

6.375%

6.55%

$7.38

0 points

6.750%

6.80%

$7.60

NPNC

7.625%

7.62%

$8.13

15-Year Fixed
Owner occupied, up to 95% of home value

2 points

5.875%

6.25%

$8.37

1 point

6.125%

6.34%

$8.51

0 points

6.500%

6.56%

$8.71

NPNC

7.125%

7.12%

$9.06

VA Mortgage
30-year term, up to 100% of home value

0 points

6.875%

6.88%

$6.57

FHA Mortgage
30-year term, up to 97.75% of home value

0 points

6.875%

6.88%

$6.57

Investment Property Loans

Conforming Mortgage rates are effective October 10, 2008 and are subject to change at any time.
Rates apply to loans up to $417,000.

Term / Property

Points

Interest Rate

APR

Estimated Monthly Payment per $1,000

30-Year Fixed-Rate – 1-4 family

1.750 points

6.875%

7.09%

$6.57

15-Year Fixed-Rate – 1-4 family

1.750 points

6.625%

6.83%

$8.78

Fixed/Adjustable Jumbo Mortgages

Jumbo Mortgage rates are effective October 10, 2008 and are subject to change at any time.
Rates apply to loans larger than $417,000.

Term / Property

Points

Interest Rate

APR

Initial / Annual / Life Rate Change Caps

Margin / Index

Estimated Monthly Payment per $1,000

Jumbo 3/1 Fixed/Adjustable
Owner occupied, up to 95% of home value

.50 point

6.250%

5.00%

2% / 2% / 6%

2.875% / 1.59%

$6.16

0 points

6.500%

5.01%

2% / 2% / 6%

2.875% / 1.59%

$6.32

Jumbo 5/1 Fixed/Adjustable
Owner occupied, up to 95% of home value

.50 point

6.750%

5.44%

2% / 2% / 5%

2.875% / 1.59%

$6.49

0 points

7.125%

5.55%

2% / 2% / 5%

2.875% / 1.59%

$6.74

NEW! Interest-Only 5/1 Fixed/Adjustable
Interest only payments for first 5 years, 30-year term, owner occupied, up to 95% of home value

.50 point

6.875%

5.49%

2% / 2% / 6%

2.875% / 1.59%

$5.73

0 points

7.250%

5.60%

2% / 2% / 6%

2.875% / 1.59%

$6.04

Jumbo 7/1 Fixed/Adjustable
Owner occupied, up to 95% of home value

.50 point

7.000%

5.86%

5% / 2% / 5%

2.875% / 1.59%

$6.65

0 points

7.375%

6.01%

5% / 2% / 5%

2.875% / 1.59%

$6.91

Jumbo 10/1 Fixed/Adjustable
Owner occupied, up to 95% of home value

.50 point

7.125%

6.33%

5% / 2% / 5%

2.875% / 1.59%

$6.74

0 points

7.500%

6.55%

5% 2% / 5%

2.875% / 1.59%

$6.99

Fixed-Rate Jumbo and Biweekly Jumbo Mortgages

Jumbo Mortgage rates are effective October 10, 2008 and are subject to change at any time.
Rates apply to loans larger than $417,000. Biweekly option not available on 40-Year Fixed-Rate Loans

Term / Property

Points

Interest Rate

APR

Estimated Monthly Payment per $1,000

Jumbo 40-Year Fixed
Owner occupied, up to 90% of home value

2.125 points

7.250%

7.47%

$6.40

1.125 points

7.625%

7.76%

$6.67

.125 points

8.000%

8.05%

$6.95

Jumbo 30-Year Fixed
Owner occupied, up to 90% of home value

2 points

6.625%

6.86%

$6.40

1 point

6.875%

7.01%

$6.57

0 points

7.250%

7.29%

$6.82

Jumbo 15-Year Fixed
Owner occupied, up to 90% of home value

2 points

6.375%

6.76%

$8.64

1 point

6.625%

6.84%

$8.78

0 points

7.000%

7.06%

$8.99