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

30 Year

  • 3.75% no points
  • 3.625% 0.50 points
  • 3.50% 1 point
  • 3.25% 2 points

20 Year

  • 3.625% no points
  • 3.50% 0.50 points
  • 3.375% 1 points
  • 3.25% 2 points

15 Year

  • 2.99% no points
  • 2.875% 0.50 points
  • 2.75% 1 point
  • 2.50% 2 points

10 Year

  • 2.875% no points
  • 2.75% 0.50 points
  • 2.625% 1 point
  • 2.375% 2 points

Current Jumbo Mortgage Rates

30 Year

  • 3.625% no points
  • 3.50% 0.50 points
  • 3.375% 1 point
  • 3.125% 2 points

15 Year

  • 3.125% no points
  • 3.00% 0.50 points
  • 2.875% 1 point
  • 2.625% 2 points


Loan Type
Purchase    Refinance
Location
State/City    Zip Code
Loan Amt Points FICO % Down
  
$
in 06101, All points, 740    Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
PERIOD_FIXED_30YEARS Mortgage Loan from AmeriSave Mortgage Corporation
AmeriSave Mortgage Corporation
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111333.gif
300000
Purchase
3.138%
3.125%
USD
AmeriSave Mortgage Corporation Logo
NMLS # 1168
State Lic # 11309
10/23/2020
at 0.000 pts
30 day lock rate
Est payment: $1,286
Fees in APR: $500
Direct Lender. Billions Funded.
 
PERIOD_FIXED_30YEARS Mortgage Loan from AmeriSave Mortgage Corporation
AmeriSave Mortgage Corporation
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111333.gif
300000
Purchase
2.646%
2.500%
USD
AmeriSave Mortgage Corporation Logo
NMLS # 1168
State Lic # 11309
10/23/2020
at 1.750 pts
30 day lock rate
Est payment: $1,186
Fees in APR: $5,795
Direct Lender. Billions Funded.
 
PERIOD_FIXED_30YEARS Mortgage Loan from AmeriSave Mortgage Corporation
AmeriSave Mortgage Corporation
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111333.gif
300000
Purchase
2.934%
2.875%
USD
AmeriSave Mortgage Corporation Logo
NMLS # 1168
State Lic # 11309
10/23/2020
at 0.625 pts
30 day lock rate
Est payment: $1,245
Fees in APR: $2,297
Direct Lender. Billions Funded.
 
PERIOD_FIXED_30YEARS Mortgage Loan from Quicken Loans NMLS #3030
Quicken Loans NMLS #3030
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111724.gif
300000
Purchase
3.693%
3.500%
USD
Quicken Loans NMLS #3030 Logo
NMLS # 3030
10/23/2020
at 2.000 pts
45 day lock rate
Est payment: $1,348
Fees in APR: $7,250
The Better Business Bureau gives Quicken Loans and A+ for customer service.
 
PERIOD_FIXED_30YEARS Mortgage Loan from Rocket Mortgage
Rocket Mortgage
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111574.gif
300000
Purchase
3.739%
3.625%
USD
Rocket Mortgage Logo
NMLS # 3030
10/23/2020
at 1.000 pts
45 day lock rate
Est payment: $1,369
Fees in APR: $4,250
From the lender: We can close your loan in less than a month!
 
PERIOD_FIXED_30YEARS Mortgage Loan from Rocket Mortgage
Rocket Mortgage
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111574.gif
300000
Purchase
3.314%
3.125%
USD
Rocket Mortgage Logo
NMLS # 3030
10/23/2020
at 2.000 pts
45 day lock rate
Est payment: $1,286
Fees in APR: $7,250
From the lender: We can close your loan in less than a month!
 
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.



Author: Brian McKay
January 19th, 2016