Current Mortgage Rates for May 17, 2021
  Freddie Mac Fixed Rates
Term Current Annual Percentage Rate (APR)1
30 Year 3.250%
20 Year 3.125%
15 Year 2.625%
Adjustable-Rate Mortgages
Term Current Interest Rate2
5/1 ARM 3.125% 
7/1 ARM 3.125% 
10/1 ARM 3.250%

Call us today to get pre-qualified at 715-392-5616 or toll-free at 1-800-569-4167, or click here to complete an application online.

All rates listed above, except for Freddie Mac rates, assume no origination fee or points. Rates are subject to change. This is not an advertisement to extend consumer credit as defined by Sec. 226 2 of Regulation Z nor is it an offer to enter into an interest rate or discount point agreement which may only be made pursuant to subdivision 3 & 4 of Sec. 47 206 of Minnesota Statutes. Prices are subject to change at any time without notice. Please contact Superior Choice Credit Union for specific information. All loans must be approved prior to locking.

1Example: The payment on a $200,000 30-year fixed-rate loan at 2.875% is $830.00. The annual percentage rate (APR) is 2.869%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Rates are shown valid on the publication date of August 1, 2020. To qualify for these loan programs, you must be at least 18 years of age and the home must be within our field of membership. Formal approval will be subject to satisfactory verification of income, assets, credit property conditions, and value. Additional restrictions/conditions may apply. 

2Example:  5/1 ARM Payment For a $200,000 loan with a 3.00% Annual Percentage Rate (APR), the first 60 payments are $1,931.51, with 12 payments at $2025.31 if the rate were to adjust to 4.00%, 12 payments at $2,121.84 if the rate were to adjust to 5.00%, 12 payments at $2,221.07 if the rate were to adjust to 6.00%, 12 payments at $2,322.96 if the rate were to adjust to 7.00%, and 12 payments at $2,534.60 if the rate were to adjust to the cap of 9.00%.) This example is calculated using a 10-year amortization. 

2Example:7/1 ARM Payment For a $200,000 loan with a 3.125% Annual Percentage Rate (APR), the first 84 payments are $1,943.09, with 12 payments at $2,134.10 if the rate were to adjust to 5.125%, 12 payments at $2,335.88 if the rate were to adjust to 7.125%, and 12 payments at $2,548.17 if the rate were to adjust to the cap of 9.125%.) This example is calculated using a 10-year amortization. 

2Example:  10/1 ARM Payment For a $200,000 loan with a 3.125% Annual Percentage Rate (APR), the first 120 payments are $$1,393.51, with 12 payments at $1,595.16 if the rate were to adjust to 5.125%, 12 payments at $1,812.45 if the rate were to adjust to 7.125%, 12 payments at $1,926.69 if the rate were to adjust to 8.125%, and 12 payments at $2,044.52 if the rate were to adjust to the cap of 9.125%.) This example is calculated using a 15-year amortization. 

2Annual Percentage Rates (APRs) used in examples are effective as of April 21, 2021.  On the first Change Date, APR cannot increase more than TWO percentage points above the initial rate.  On the second Change Date and every change date thereafter, your rate cannot increase or decrease more than TWO percentage points.  The maximum amount that the APR can rise under this program is SIX percentage points over the term of the loan.  The rate will be based on the index plus our margin. The index is the weekly average yield on United States Treasury Securities. Taxes and insurance premiums are not included in the payment examples and the actual payment obligation may be greater.

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