The term on its own is generic but in the States, it primarily refers to the Wall street journal prime Rate. As reported by the Federal Reserve, this is usually posted by a majority of the largest banks and is usually 3% higher than the federal funds rates (this is determined by the Federal Reserve), so when the Fed drops its rate, you can expect the prime rate (in most cases) to fall as well.
Home Mortgage Refi Rates For a 30-year fixed-rate mortgage on a $100,000 home, refinancing from 9% to 5.5% can cut the term in half to 15 years with only a slight change in the monthly payment from $804.62 to $817.08.Commercial Lending Rates Calculator Tools and calculators are provided as a courtesy to help you estimate your mortgage needs. Results shown are estimates only. Speak with a Chase Home Lending Advisor for more specific information.
In the last four consecutive years, PrimeLending was listed as a top 10 mortgage lender in the nation in purchase units.* Offering fixed-rate, adjustable-rate, FHA, VA, USDA and jumbo home loans,
shortly after the Bank of Canada raised its key short-term rate by a quarter-point to 1.25 per cent. Big Six have now all raised mortgage rates as Bank of Canada decision looms Bank of Canada raises.
Weighing the pros and cons of a fixed rate mortgage vs. adjustable rate mortgage (ARM) can be complicated. To compare these options, factor in the length of the loan, when and how often adjustments occur, which index the lender will use, plus any assumptions about future interest rates.
Savings only applies to direct originations made by PrimeLending for first mortgage purchase or refinance transactions, and is not available on loans obtained through mortgage brokers. Only one offer per loan transaction is available, and savings cannot be combined with any other offer.
Mortgage Insurance may be required for loans that have less than a 20% down payment which will increase the APR and result in a higher loan payment. Interest rates and fees are subject to change without notice. Huntington’s mortgage division offers many different mortgage products; your APR may vary depending on the product for which you apply.
Simply click "Register Now" below, and after a few simple steps you can enjoy all of the many features and benefits of the site. You’ll be able to view your loan details including insurance, taxes, and escrow, and see your recent loan activity, payments, and even your mortgage statement.
PrimeLending understands that buying a home is about laying down your roots and finding a place that makes you feel at home. We are here to help you accomplish your dreams of home ownership and give you the personal attention and service you deserve.