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Rates

You will find that Bay Mortgage Corporation offers some of the most competitive interest rates and lowest fees.  Listed below are rate indications for some of our more popular loan programs.   Please note these are only general rate indications. The actual rate for your loan may be higher or lower based on the specifics of your loan transaction.   We encourage you to contact one of our Loan Advisors to discuss all the rate and program options and to receive a specific rate quote. 

February 15, 2024

30 Year Conventional Fixed Rate

6.5%

The APR is calculated using a
loan amount of $150,000

30 Year FHA Fixed Rate

6.0%

The APR is calculated using a
loan amount of $100,000

30 Year VA Fixed Rate

5.625%

The APR is calculated using a
loan amount of $100,000

APR

The APR is calculated using a
loan amount of $100,000

15 Year Conventional Fixed Rate

5.875%

The APR is calculated using a
loan amount of $100,000

15 Year FHA/VA Fixed Rate

3.000%

The APR is calculated using a
loan amount of $100,000

7 Year Arm

5.500%

The APR is calculated using a
loan amount of $100,000

Posted rates are subject to change without notice.  Above rates are indications only.  Specific rate quotes may be higher or lower based on loan program, borrower’s credit rating, loan-to-value, and other qualifying information.  Rate and Annual Percentage Rate (APR) indications are based on a minimum $300,000 loan amount.  Conventional 30 year fixed rates assume a minimum credit score of 720.  Rate indications quoted are for a 40 day rate lock.  For loan amounts below $125,000 or for longer rate lock periods,  please contact Bay Mortgage Corporation.