Wakefield Co-operative Bank [Mortgage Rates] -

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Program	Term	Interest Rate	Points	APR	Monthly Payments per $1000 borrowed
Conforming Fixed Rate Mortgage Loan* (Effective: Thursday, December 07, 2023)
Fixed Rate Mortgages	10 years	6.625%	0	7.095%	$11.42
	15 years	6.875%	0	7.215%	$8.92
	20 years	6.500%	0	6.765%	$7.46
	30 years	7.000%	0	7.212%	$6.65
Annual Percentage Rate (APR) assumes a $100,000 loan with a 20% down payment. The "Monthly Payments per $1000 borrowed" amounts referenced above do not include real estate taxes and insurance. The actual monthly payment will be higher if an escrow account is established or required. Other terms and conditions may apply. All posted rates are considered benchmark rates. Your actual rate and points may be different.*

Conforming Adjustable Rate Mortgage Loan*
(Effective: Thursday, December 07, 2023)

Program

Term

Interest Rate

Points

APR

Monthly Payments
per $1000 borrowed

5/6mo ARM (1)

(Current Index: 5.34%;
Fully indexed rate: 8.125%)

360 months

7.125%

7.906%

1	to	5 years	$6.74
6	to	30 years	$7.80

7/6mo ARM (2)

(Current Index: 5.34%;
Fully indexed rate: 8.125%)

360 months

7.250%

7.870%

1	to	7 years	$6.82
8	to	30 years	$7.93

10/6mo ARM (2)

(Current Index: 5.34%;
Fully indexed rate: 8.125%)

360 months

7.625%

7.978%

1	to	10 years	$7.08
11	to	30 years	$8.36

*Annual Percentage Rate (APR) assumes a $100,000 loan with a 20% down payment. The "Monthly Payments per $1000 borrowed" amounts referenced above do not include real estate taxes and insurance. The actual monthly payment will be higher if an escrow account is established or required. Annual Percentage Rate (APR) may increase after consummation. Other terms and conditions may apply.

All posted rates are considered benchmark rates. Your actual rate and points may be different.

(1) Caps- 2/1/6 with 2.750% margin. The index is a benchmark, known as the 30-day Average Secured Overnight Financing Rate (SOFR) index. The index is currently published by the Federal Reserve Bank of New York. The fully indexed rate is the index plus margin, rounded to the nearest .125%.

(2) Caps- 5/1/5 with 2.750% margin. The index is a benchmark, known as the 30-day Average Secured Overnight Financing Rate (SOFR) index. The index is currently published by the Federal Reserve Bank of New York. The fully indexed rate is the index plus margin, rounded to the nearest .125%.

Jumbo Adjustable Mortgage Loan*
(Effective: Thursday, December 07, 2023)

Program

Term

Interest Rate

Points

APR

Monthly Payments
per $1000 borrowed

5/6 Jumbo ARM (1)

(Current Index: 5.34%;
Fully indexed rate: 8.125%)

360 years

7.125%

7.772%

1	to	5 years	$6.74
6	to	30 years	$7.72

7/6 Jumbo ARM (2)

(Current Index: 5.34%;
Fully indexed rate: 8.125%)

360 months

7.250%

7.736%

1	to	7 years	$6.82
8	to	30 years	$7.93

10/6 Jumbo ARM (2)

(Current Index: 5.34%;
Fully indexed rate: 8.125%)

360 months

7.625%

7.842%

1	to	10 months	$7.08
11	to	30 months	$8.36

*Annual Percentage Rate (APR) assumes a $700,000 loan with a 20% down payment. The "Monthly Payments per $1000 borrowed" amounts referenced above do not include real estate taxes and insurance. The actual monthly payment will be higher if an escrow account is established or required.

All posted rates are considered benchmark rates. Your actual rate and points may be different. (1) Caps- 2/1/6 with 2.750% margin. The index is a benchmark, known as the 30-day Average Secured Overnight Financing Rate (SOFR) index. The index is currently published by the Federal Reserve Bank of New York. The fully indexed rate is the index plus margin, rounded to the nearest .125%.

(2) Caps- 5/1/5 with 2.750% margin. The index is a benchmark, known as the 30-day Average Secured Overnight Financing Rate (SOFR) index. The index is currently published by the Federal Reserve Bank of New York. The fully indexed rate is the index plus margin, rounded to the nearest .125%.

Maximum loan amount is $1,244,850. Available for owner occupied primary residence of single family, condominium unit, or planned unit development (PUD) properties. Other terms and conditions may apply.

Also Available:
No Points No Closing Cost Programs
Investment Property Financing
First Time Homebuyer Programs
Bridge Loans

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Mortgage Loan Rates