Fixed-rate mortgages by term
The rate and the principal and interest payment never change for the life of the loan.
Payment figures cover principal and interest only and exclude taxes, hazard insurance and any mortgage insurance. Rates current as of July 2026 and subject to change. Membership eligibility required. This is a demonstration website; rates, products, and figures shown are illustrative only.
ARMs and home equity
A lower rate for a fixed stretch at the front, then annual adjustments capped at 2 points a year and 5 points for life.
ARM index is the 1-year Constant Maturity Treasury plus a 2.75% margin. Rates current as of July 2026 and subject to change. Membership eligibility required. This is a demonstration website; rates, products, and figures shown are illustrative only.
Points and APR, without the runaround
A discount point is a fee equal to 1% of the loan amount, paid at closing, that buys the interest rate down. On a $300,000 loan one point costs $3,000 and currently buys about a quarter point off the rate, worth roughly $47 a month. Divide the cost by the savings and you get the number that matters: about 64 months before you are ahead. Move or refinance sooner than that and paying points lost you money. Every rate on this page is quoted at zero points, because a table full of bought-down rates looks better and tells you less.
APR exists because the note rate alone does not describe what a loan costs. It folds lender fees, origination and prepaid interest into one annualized figure, which is why our 30-year shows a 6.250% note rate and a 6.375% APR. One warning: APR assumes you keep the loan for the full term, which almost nobody does, and lenders do not all include the same third-party costs. Use it as a first sort, then compare Loan Estimates line by line. Bring a competitor's estimate to any of our 42 branches and a loan officer will read it with you, or start with Check Your Rate.
Why your quote may differ from the table
The published rate assumes a primary residence, 20% down and a 740 credit score.
Mortgage rate questions
How often do these rates change?
Mortgage pricing is set every business morning and can move again intraday if the bond market does. Consumer deposit and auto rates change far less often, which is why they live on the main rate page rather than here.
Is a 15-year really worth the higher payment?
On a $300,000 loan the 15-year payment is about $620 a month higher, but it saves roughly $180,000 in interest over the life of the loan. If the higher payment leaves you no margin for emergencies, take the 30-year and pay extra principal voluntarily.
When does an ARM actually make sense?
When you can say out loud why you expect to sell or refinance before the fixed period ends: a known relocation, a planned upsize, a career move. It is a poor choice when the only reason is that the fixed payment is too high. If the fixed payment does not work today, the adjusted payment will not work in year six.
Do you require a full appraisal?
Not always. Many conforming purchase and refinance files qualify for an appraisal waiver based on the automated underwriting findings, which saves about $650 and roughly ten days. We tell you at application whether your file is likely to qualify.
What does a construction loan require?
A licensed general contractor, a fixed-price build contract and a completed set of plans. Draws are inspected before release, and you pay interest only on the amount drawn during the build. The one-time close option converts to a 30-year fixed at completion with no second closing.
Can I see closing costs before I apply?
Yes. Ask for a fee worksheet at any branch or by phone at 800.555.7846 and we will itemize lender charges, title, recording and prepaids for your price point and county before you commit to anything.
Turn a table into your actual quote
Rates on a page are a starting point. Ten minutes gets you a real one.