Mortgage Rates Tinker Federal Credit Union

Tinker Federal Credit Union, based in Oklahoma City, Oklahoma is advertising some of the best mortgage rates available in Oklahoma. Tinker Federal Credit Union is advertising fixed conforming mortgage rates. Advertised rates include traditional 30 year mortgage rates and  rate 10 year mortgage rates, 15 year mortgage rates and  20 year mortgage rates. Mortgages from TFCU are only available for homes in OK.  

Tinker Federal Credit Union's fixed conforming 30 year mortgage rates are advertised at 5.375% with 0.25 mortgage discount points. Mortgage points allow a borrower to buy down the mortgage rate by paying money upfront at closing.

The credit union's 15 year mortgage rates are being advertised at 4.625% with 0.25 points. 10 year mortgage rates are slightly lower at 4.50% with 0.25 points. 40 year mortgage rates are advertised at 5.75% with 0.25 points.

Taking out a longer term mortgage like a 40 year loan will cost you more in interest payments over the life of the loan. If you can afford higher monthly payments go with a 30 year loan or even better a 15 year loan or 10 year loan.

If you live in Oklahoma and are either going to purchase a home or refinance your current mortgage be sure to get a personalized mortgage quote from TFCU.
Author: Stacy Everest
February 9th, 2011