MonitorBankRates
We Find the Best Rates

Mutual Security Credit Union Current 2 Year Mortgage Rate of 2.99%

mutual-security-credit-union-299-mortgage-rateMutual Security Credit Union (MSCU) of Connecticut is advertising their "Living The Dream" 2/1 adjustable mortgage. The current adjustable mortgage rate is 2.99 percent with an annual percentage yield (APR) of 3.12 percent. That rate is one of the lowest mortgage rates currently available right now from any credit union or bank.

The 2/1 adjustable rate mortgage is available for home purchases and for refinances. The mortgage offer has no points and no prepayment penalty. With any adjustable mortgage, this is a variable rate mortgage which means the 2.99 percent rate is fixed for the first 24 months and then adjusts every year after.

The maximum annual increase in rate is only 1.00 percent. There is also a lifetime mortgage rate of 8.8875 percent and the lowest mortgage rate is the initial rate of 2.99 percent.

Loan Term
Lender
APR / Rate
Fees / Points
Payment
Home Simply
NMLS #2473786
4.930%
15-Year Fixed
4.750%
$4,803
Includes 0.927 points for $3,708
Lender Fees: $1,095
$3,112 /mo
Statewide Funding
NMLS #1105497
License: 603L227
4.961%
15-Year Fixed
4.750%
$5,625
Includes 1.000 points for $4,000
Lender Fees: $1,625
$3,112 /mo
Different Mortgage
NMLS #324599
License: 324599
5.026%
15-Year Fixed
4.875%
$4,070
Includes 0.750 points for $3,000
Lender Fees: $1,070
$3,138 /mo
Bison State Bank
NMLS #757416
5.106%
15-Year Fixed
4.990%
$3,060
Includes 0.765 points for $3,060
Lender Fees: $0
$3,162 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.175%
15-Year Fixed
5.000%
$4,628
Includes 0.982 points for $3,928
Lender Fees: $700
$3,164 /mo
Farmers Bank of Kansas City
NMLS #613839
5.183%
15-Year Fixed
4.990%
$5,099
Includes 0.803 points for $3,212
Lender Fees: $1,887
$3,162 /mo
Home Simply
NMLS #2473786
5.340%
5-Year ARM
5.250%
$4,059
Includes 0.741 points for $2,964
Lender Fees: $1,095
$2,209 /mo
Blue Sky Financial, LLC
NMLS #1954591
License: 60DBO-113383
5.418%
15-Year Fixed
5.250%
$4,463
Includes 0.839 points for $3,356
Lender Fees: $1,107
$3,216 /mo
Farmers Bank of Kansas City
NMLS #613839
5.721%
30-Year Fixed
5.625%
$4,219
Includes 0.583 points for $2,332
Lender Fees: $1,887
$2,303 /mo
Home Simply
NMLS #2473786
5.838%
30-Year Fixed
5.750%
$3,843
Includes 0.687 points for $2,748
Lender Fees: $1,095
$2,335 /mo
Different Mortgage
NMLS #324599
License: 324599
5.853%
30-Year Fixed
5.750%
$4,570
Includes 0.875 points for $3,500
Lender Fees: $1,070
$2,335 /mo
Statewide Funding
NMLS #1105497
License: 603L227
5.856%
30-Year Fixed
5.750%
$4,625
Includes 0.750 points for $3,000
Lender Fees: $1,625
$2,335 /mo
DECO Mortgage
NMLS #2561451
5.872%
30-Year Fixed
5.750%
$5,446
Includes 0.916 points for $3,664
Lender Fees: $1,782
$2,335 /mo
Bison State Bank
NMLS #757416
5.936%
30-Year Fixed
5.875%
$2,664
Includes 0.666 points for $2,664
Lender Fees: $0
$2,367 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.959%
30-Year Fixed
5.875%
$3,620
Includes 0.730 points for $2,920
Lender Fees: $700
$2,367 /mo
HSBC Bank USA, N.A.
NMLS #399799
6.106%
30-Year Fixed
6.000%
$4,703
Includes 0.844 points for $3,376
Lender Fees: $1,327
$2,399 /mo
Blue Sky Financial, LLC
NMLS #1954591
License: 60DBO-113383
6.222%
30-Year Fixed
6.125%
$4,183
Includes 0.769 points for $3,076
Lender Fees: $1,107
$2,431 /mo
Blue Sky Financial, LLC
NMLS #1954591
License: 60DBO-113383
6.357%
5-Year ARM
6.250%
$4,595
Includes 0.872 points for $3,488
Lender Fees: $1,107
$2,463 /mo
Different Mortgage
NMLS #324599
License: 324599
6.367%
5-Year ARM
6.250%
$5,042
Includes 0.993 points for $3,972
Lender Fees: $1,070
$2,463 /mo
Statewide Funding
NMLS #1105497
License: 603L227
6.370%
5-Year ARM
6.250%
$5,058
Includes 0.872 points for $3,488
Lender Fees: $1,570
$2,463 /mo
Rate data provided by RateUpdate.com. Displayed by Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.

To either purchase and/or refinance an existing mortgage, you must have a 20 percent down payment or equity in order to qualify for the mortgage offer. Mortgage loans are only available for primary residents in Connecticut and certain counties in New York.

 
Author: Brian McKay
May 6th, 2010

Explore Other Mortgage and Refinance Offers