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CURRENT MORTGAGE RATES

It's better because:

  • Old Town Bank is Haywood County's Bank
  • Loan decisions are made by people who live here and appreciate YOU, the market, and the community.
Loan Type Interest Rate APR* As of
15-Year Fixed 3.375% 3.565% 10/15/2014
30-Year Fixed 4.125% 4.235% 10/15/2014


Loan Type Interest Rate APR** As of
3 / 1 ARM 3.960% 4.438% 10/15/2014
5 / 1 ARM 4.800% 5.109% 10/15/2014
3 / 1 Jumbo ARM 4.710% 4.809% 10/15/2014
5 / 1 Jumbo ARM 5.550% 5.641% 10/15/2014
7 / 1 Jumbo ARM 6.320% 6.429% 10/15/2014

New Homeowners
The following APR calculations are only examples. We will be happy to provide you with a specific APR for your transaction upon your request.

5/1 ARM 30 Year Example**

The following example assumes a sales price of $250,000, a loan amount of $200,000, a down payment of 20% ($50,000) and a 1% origination fee. The example assumes an initial interest rate of 2.500%, a fully index-based rate of 2.500% and 0.250% in discount points. This is only an example.

Annual Percentage Rate: 2.440%

Principal & Interest Payments: 60 months @ $790.24; 299 months @ $768.25 and 1 month @ $766.71

7/1 ARM 30 Year Example**

The following example assumes a sales price of $250,000, a loan amount of $200,000, a down payment of 20% ($50,000) and a 1% origination fee. The example assumes an initial interest rate of 2.875%, a fully index-based rate of 2.875% and 0.000% in discount points. This is only an example.

Annual Percentage Rate: 2.593%

Principal & Interest Payments: 84 months @ $816.48; 275 months @ $775.01 and 1 month @ $773.59

100% financing available. FHA, Construction,Commercial and business financing available.


Please have a loan officer contact me.

Note:
Please do not send sensitive information, such as account numbers or social security numbers, via e-mail.

*Rates are subject to change without notice.

**Adjustable rate mortgages have interest rates which are subject to increase after consummation.

Loan pricing can only be locked through a home mortgage consultant. Other restrictions may apply.


Important Disclosures

About These Rates

 
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