Current Rates

RESIDENTIAL REAL ESTATE LOANS
FOR 1-4 FAMILY DWELLINGS
Rates are effective as of Feb 4, 2012 . All rates are updated daily and are subject to change.
Interest Rate Annual Percentage Rate (APR) Payment per $1000 borrowed Downpayment Required
Fixed Rate Loans
Payments shown do not include taxes or insurance. Your payment may be greater.
Owner Occupied or Second Home
15 Year Fixed Rate - Zero Points 3.375% 3.463% $7.08 180
20 Year Fixed Rate - Zero Points 3.875% 3.945% $5.99 240
30 Year Fixed Rate - Zero Points 4.000% 4.050% $4.77 360
All rates subject to change. CALL 866-823-6887 for most current mortgage rates. Payments and rates based on a 20% downpayment and no PMI (Private Mortgage Insurance) Maximum loan is $417,000. See jumbo rates above this amount. See notes below.
Jumbo Owner Occupied ($417,000 - $1,000,000)
15 Year Fixed Rate - Zero Points 3.750% 3.771% $7.27 180
20 Year Fixed Rate - Zero Points 4.125% 4.142% $6.12 240
30 Year Fixed Rate - Zero Points 4.250% 4.262% $4.91 360
Non-Owner Occupied / Investment Property
15 Year Fixed - Zero Points 5.750% 5.845% 180
Adjustable Rate Loans *
Payments shown do not include taxes or insurance. Your payment may be greater.
Owner Occupied or Second Home
3/1 Adjustable* Zero Points
x30 years		 2.875% 1
2.875% 		2.922% $4.14 1
$4.14 2 		36 1
324 2
5/1 Adjustable* Zero Points
x30 years		 3.000% 1
2.875% 		2.965% $4.21 1
$4.15 2 		60 1
300 2
10/1 Adjustable* Zero Points
x30 years		 3.875% 1
2.875% 		3.538% $4.70 1
$4.30 2 		120 1
240 2
Construction Loan - 1 Point
x30 years (1 Year Construction Phase)		 6.500% 7.576% $6.32 360
Jumbo Owner Occupied ($417,000 - $1,000,000)
5/1 Adjustable* Zero Points
x30 years		 3.500% 1
2.875% 		3.103% $4.49 1
$4.19 2 		60 1
300 2
10/1 Adjustable* Zero Points
x30 years		 4.000% 1
2.875% 		3.578% $4.77 1
$4.32 2 		120 1
240 2
1 - Base loan rate and base monthly payment
2 - Monthly payment based on fully indexed rate
* Payments and rates base on a 20% down payment and no PMI (Private Mortgage Insurance) amortized for the full term. Rate may change after the account is opened.
Non-owner Occupied / Investment Property
1 Year Adjustable* Zero Points 5.250% 3.105%
3/1 Adjustable* Zero Points 5.375% 3.484%
5/1 Adjustable* Zero Points 5.500% 3.870%
Construction Loan - 1 Point
1 year term		 7.000% 8.081%
* Rate may change after the account is opened.
First Time Home Buyer (Owner Occupied)
Payments shown do not include taxes or insurance. Your payment may be greater.
5/1 Adjustable* Zero Points (First Time Buyer) x30 years 2.875% 1
2.875% 		2.922% $4.14 1
$4.14 2 		60 1
300 2
* Payments and rates based on a 20% downpayment and no PMI (Private Mortgage Insurance). Rate may change after the account is opened.
Second Mortgages
Home Equity Loans (Owner Occupied)(Fixed Rate)
5 Year Fixed 3.990% 3.990% $18.41 60
10 Year Fixed 4.250% 4.250% $10.24 120
15 Year Fixed 4.990% 4.990% $7.90 180
20 Year Fixed 5.500% 5.500% $6.87 240
Home Equity Loans range from $10,000 to $200,000. The loan to value (LTV) ratio is a maximum of 75%. The quoted rate assumes autodebit payment, all others must add 1/2% to the quoted rates.
Home Equity Lines of Credit (Variable Rate)
Owner Occupied + 2.990% 2.990% N/A N/A
Non-Owner Occupied - 4.250% 4.250% N/A N/A
+ The annual percentage rate (APR) for owner occupied 1-4 family and second homes in Massachusetts is variable and based on the Prime Rate minus .50% as published in the Wall Street Journal as of the last business day of the month effective with the first business day of the following month. Prime was 3.25% APR as of the date listed at the top of this page. Minimum line amount $10,000. Maximum line amount $500,000. Lines have a 10 year draw period followed by a 10 year repayment period. Loan to value not to exceed 75%. Property insurance required. The quoted rate assumes autodebit payment, all others must add 1/2% to the quoted rates (Prime + .50%). The APR will not exceed 18% and will not go below 2.990%.
- The annual percentage rate (APR) for non owner occupied 1-4 family homes in Massachusetts is variable and based on the Prime Rate plus 1.00% as published in the Wall Street Journal as of the last business day of the month effective with the first business day of the following month. Prime was 3.25% APR as of the date listed at the top of this page. Minimum line amount $10,000. Maximum line amount $500,000. Lines have a 10 year draw period followed by a 10 year repayment period. Loan to value not to exceed 75%. You must pay certain fees to third parties such as appraisers, credit reporting firms and government agencies ranging from $300-$794. Property insurance required. The quoted rate assumes autodebit payment, all others must add 1/2% to the quoted rates (Prime + 1.50%). The APR will not exceed 18% and will not go below 2.990%.
   NOTES:  
All mortgage rates are in effect at the time of issuance and are subject to change at any time without notice.
PMI (Private Mortgage Insurance) is required for all loans with down payments of less than 20%. Mortgages for Second Homes require a 20% down payment.
Call 866-823-6887 for details on how to lock mortgage rates and information on possible rate adjustments.
All above rates are for new borrowers to the bank.
generated: 18:43:46, Sat Feb 4, 2012

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