Webster Bank Mortgage Rates – Current 5/1 ARM as low as 1.875 Percent
Webster Bank is offering some of the lowest 5 year adjustable mortgage rates currently available for both conforming and jumbo mortgages. The current 5/1 ARM rate at Webster Bank is 1.875 percent with 2 mortgage points. Webster Bank is also quoting 5/1 ARMs at 2.25 percent with 1 point for both conforming and jumbo loans.
Granted, paying points upfront at closing can become very costly, especially with a jumbo loan. If you would rather not pay points, you can still get a really good rate of 2.75 percent on either a conforming or jumbo 5/1 mortgage.
Other adjustable rate mortgages available at Webster Bank include 3 year, 7 year, and 10 year mortgages. 3/1 ARMs are available at the same rate and point combinations as the 5 year adjustable rates listed above. The 5 year ARM is probably your best option in order to lock in the low rate for a longer period of time.
Current 7 year adjustable rates are available at 3.00 percent with no points, 2.50 percent with 1 point, and 2.125 percent with 2 points. These quoted rates are for both conforming and jumbo mortgages.
10 year rates are currently at 3.25 percent with no points, 2.875 percent with 1.125 points, and 2.50 percent with 2 points. These quoted rates are also for both conforming and jumbo mortgages.
Webster Bank's current fixed mortgage rates are also very competitive. Right now, the bank is quoting 30 year jumbo mortgage rates lower than 30 year conforming rates. Listed below are all current fixed rates available. You can see how these rates compare with other lender's rates by searching our rate list at RatesORama.com.
Current Conforming Fixed Mortgage Rates
Current Jumbo Mortgage Rates
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RatesORama.com Average Mortgage Rates