Spend less on interest. Spend more to make your house a home.

Congratulations on finding your new home! Or perhaps you're looking to refinance your current mortgage. Take the next step with a MECU mortgage at a low rate.

Home Loan Rates*
Rates as of: 4.8.24
Account Type Base Rate APR* (as low as) Monthly Payment** ($150,000 loan amount)
0 Points Option
30-year fixed rate 6.625% 6.720% $960.47
20-year fixed rate 6.500% 6.624% $1,118.36
15-year fixed rate 6.125% 6.279% $1,275.94
10-year fixed rate 6.000% 6.217% $1,665.31
10/1 ARM (adjustable rate) 6.625% 6.829% $985.14
7/1 ARM (adjustable rate) 6.375% 6.746% $983.66
5/1 ARM (adjustable rate) 6.125% 6.715% $983.59
3/1 ARM (adjustable rate) 5.750% 6.734% $984.82
1 Point Option
30-year fixed rate 6.375% 6.563% $935.80
20-year fixed rate 6.250% 6.497% $1,096.39
15-year fixed rate 5.875% 6.182% $1,255.68
10-year fixed rate 5.750% 6.184% $1,646.54

Learn more about other home loan programs.


*APR = Annual Percentage Rate. Conventional loan rates, based on a 80% Loan to Value ratio. While this page is updated regularly, rates are subject to change. Your actual rate may be higher based on your credit score, loan amount, repayment term, collateral, credit history and ability to repay. Subject to verification of collateral. Adequate property and flood insurance is required. MECU membership required.

** Monthly Payment amount is based on a $150,000 loan amount for principal plus interest at the lowest available APR and does not include taxes and insurance which will increase your monthly payment. The monthly payment amount for our Adjustable Rate Mortgages (ARMs) reflects the "fully indexed" payment excluding taxes and insurance. For a  complete estimated monthly payment schedule, use our Check Rates tool.

Adjustable Rate Mortgage Loan Program Disclosure
Handbook on Adjustable Rate Mortgages
Home Mortgage Disclosure Act (HMDA) Notice