Current Mortgage Rates

QUICK LINKS:  Fixed Rate Mortgages | Adjustable Rate Mortgages


Rates Effective October 10, 2008

FIXED RATE MORTGAGES for Mortgage Amounts between $100,001 to $417,000:
Type
Rate
Points
APR
15 Year Special**

6.500%

0.000
6.412%
30 Year

6.625%

0.000
6.348%
*APR is the Annual Percentage Rate.  


** This rate is our daily special and is subject to change at any time without prior notice and cannot be guaranteed until such time as an application has been accepted by Hawthorne Credit Union and applicable fees have been paid.   Limitations and restrictions may apply.

 

FIXED RATE MORTGAGES for Mortgage Amounts over $417,001:
Type
Rate
Points
APR
30 Year

8.500%

1
8.674%
15 Year
N/A

0.000
N/A
*APR is the Annual Percentage Rate.  


Rates and programs are subject to change at any time without prior notice and cannot be guaranteed until such time as an application has been accepted by Hawthorne Credit Union and3 applicable fees have been paid.   Limitations and restrictions may apply.  Call for details. Rates are quoted for 30-day locks on loans for 80% of the property sales price or appraised value, whichever is the lesser on single family, owner-occupied properties.  Conforming rates based upon a $150,000 mortgage amount.  Jumbo rates based upon a $500,000 mortgage amount. 

For example, a $150,000 mortgage loan at 6.5% APR for 30yrs would have a principal and interest payment of $948.10.  A $500,000 mortgage loan at 7.75% APR would have a principal and interest payment of $3582.06.

 

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ADJUSTABLE RATE MORTGAGES for Mortgage Amounts between $100,001 to $417,000:
Type
Rate
Points
APR
3 Year Arm
6.250%
1/2
5.110%
5 Year Arm
5.875%
1/2
4.964%
7 Year Arm
6.125%
1
5.378%
*APR is the Annual Percentage Rate.  

 

ADJUSTABLE RATE MORTGAGES for Mortgage Amounts over $417,000:
Type
Rate
Points
APR
3 Year Arm
N/A
0.000
N/A
5 Year Arm
N/A
0.000
 N/A
7 Year Arm

N/A
0.000
 N/A
*APR is the Annual Percentage Rate.  

 


 Hawthorne is pleased to offer a complete menu of home mortgage products to include:  FHA mortgages, 3% Down Programs and Adjustable Rate Mortgages (ARMs).  If you would like to get us working for you right away, call us at 630-983-2335.

 

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