Refinance your mortgage

The annual percentage rate (APR) is the cost of credit over the term of the loan expressed as an annual rate. The APR shown here is based on the interest rate and any discount points. It does not take into account the processing fee or any other loan-specific finance charges you may be required to pay. Rates are estimated by state and actual rates may vary.

Rates displayed in the table include approximately 1 discount point and are based on the following assumptions: conforming 30-year fixed, 15-year fixed, 7/6 ARM and 5/6 ARM based on a loan amount of $350,000 with a loan to value of 55%. 30-year fixed Jumbo and 10/6 Interest Only ARM jumbo products are based on a loan amount of $1,300,000 with a loan to value of 55%. All loans assume a single family residence, refinance loan, mortgage rate lock period of 45 days in all states except NY which has a rate lock period of 60 days and customer profile with excellent credit.

Depending upon your credit profile and loan amount, interest-only loans are available and provide for the payment of interest only for a set period of time, and payments of principal and interest thereafter for the remainder of the loan term. While making interest-only payments, principal is not reduced. At the end of this period, your monthly payment will increase.