Residential Mortgage Rates as of July 21, 2016
Term | Fixed Closed Rate |
6 months | 3.95% |
1 Year | 2.29% |
2 Year | 2.09% |
3 Year | 2.34% |
4 Year | 2.49% |
5 Year | 2.29% |
7 Year | 2.98% |
10 Year | 3.89% |
Prime = 2.70%
Variable Closed (5 yr) = Prime minus 0.50% = 2.20%
Variable Open = Prime plus 0.80% = 3.50%
Secured Credit Lines = Prime plus 0.50%
Courtesy of John Chrisanthidis, Mortgage Intelligence