Washington Mutual Home Mortgage Rates
Today we’re going to have a new look at the home loan options available at Washington Mutual home mortgage rates. Periodically, we here at Savings Accounts 411 like to see how they’ve changed and report that to you.
In many areas, Washington Mutual (WaMu) is now Chase Bank. Rates for mortgages vary by area as well, so what you see here might not be the same as what’s available locally. These are a guideline. For these rates, we’re assuming a $150,000 loan with excellent credit (700 FICO or better) and up to 15% down plus the cash on hand to pay any fees associated. Rates will be expressed by mortgage type, annual percentage rate (APR), and any closing costs will be expressed in points (percentage of loan).
For a 30-year fixed mortgage, WaMu mortgage rates are 6.00% or 5.811% with 1.25 or 2.0 points given. More points means higher fees, of course, but a lower APR.
For a 15-year fixed, Washington Mutual mortgage rates are 5.33% APR and 5.212% APR with 1.25 or 2.125 points given, respectively.
For adjustable rate mortgages (ARM) loans, WaMu mortgage rates are available in a 5/1 ARM at 4.366% with 1.25 points or 4.304% APR with 2.25 points. A shorter 1 year ARM is also available at 4.218% APR with only 1 point.
These accounts are not FHA loans, but may qualify in some areas. Your situation will vary and talk to your financial advisor before making a decision on your new home purchase. WaMu mortgage rates will change periodically, so if you are interested in today’s rate, pre-qualify and lock in your rate. WaMu does this for up to 60 days in most areas.