Mortgage Rates
Conventional
| Term | Fixed Rate | Points | APR | CPT* |
|---|---|---|---|---|
| 10 Year | 2.625% | 0 | 2.625% | $9.48 |
| 15 Year | 2.750% | 0 | 2.750% | $6.78 |
| 20 Year | 3.500% | 0 | 3.500% | $5.79 |
| 30 Year | 3.625% | 0 | 3.625% | $4.56 |
Construction (owner occupied)
| Term | Fixed Rate | Points | APR | CPT* |
|---|---|---|---|---|
| 5.500% | 0 | 5.500% |
Balloon (20-year amortization)
| Term | Fixed Rate | Points | APR | CPT* |
|---|---|---|---|---|
| 1 Year | 5.500% | 0 | 5.500% | $6.87 |
| 3 Year | 5.900% | 0 | 5.900% | $7.10 |
Last updated Friday, May 17, 2013
*CPT = Cost Per $1,000
Stated rates are for purchase money transactions or refinance transactions with no cash-out (cash-out is defined as any additional funds disbursed other than refinancing the first mortgage).
Stated rates assume exceptional credit history and 20% down payment. The actual interest rate available to you will be based on your credit history and individual loan to approved value ratio. The actual rate may be different than the rate stated above.
Please contact an American Bank loan officer for a rate quote on a cash-out refinance transaction.