Turn to Charles River Bank for powerful mortgage solutions to borrow, purchase, build, or refinance a home.
Mortgage Rates
Conventional Mortgage Rates
| Mortgage Program | Points | Interest Rate | APR* | $ Per $1000 |
|---|---|---|---|---|
| 30 Year Fixed | 2 | 5.375% | 5.599% | $5.60 |
| 30 Year Fixed | 1 | 5.625% | 5.759% | $5.76 |
| 30 Year Fixed | 0 | 6.000% | 6.042% | $6.00 |
| 30 Year Fixed - Portfolio | 0 | 6.250% | 6.293% | $6.16 |
| 20 Year Fixed | 2 | 5.125% | 5.425% | $6.67 |
| 20 Year Fixed | 1 | 5.250% | 5.427% | $6.74 |
| 20 Year Fixed | 0 | 5.625% | 5.680% | $6.95 |
| 15 Year Fixed | 2 | 4.625% | 5.116% | $7.71 |
| 15 Year Fixed | 1 | 4.875% | 5.097% | $7.84 |
| 15 Year Fixed | 0 | 5.250% | 5.319% | $8.04 |
| 10 Year Fixed | 2 | 4.625% | 5.281% | $10.42 |
| 10 Year Fixed | 1 | 4.875% | 5.314% | $10.55 |
| 10 Year Fixed | 0 | 5.250% | 5.474% | $10.73 |
**Annual Percentage Rate (APR) as of 02/01/23 and is subject to change without notice. The APR assumes a single-family, owner-occupied purchase or refinance with 20% equity and a loan amount of $300,000. The payment amount shown does not include real estate taxes and homeowner’s insurance premiums.
**The Annual Percentage Rate (APR) may increase during the life of the loan. At the time of an interest rate change, the new interest rate will be determined by adding the Index (1 Year Treasury rate) at the time to the Margin (2.75%), rounded to the nearest one-eighth percentage point. Each interest rate adjustment is limited to 2% from the current interest rate, with a total adjustment over the life of the loan of 6% from the original Loan Note rate. For investment properties, please add 0.50% to the interest rate. Subject to credit approval. Interest rates can change at any time.
Mortgage Type
| Type | Maximum Amount*** |
|---|---|
| One Unit | $726,200.00 |
| Two Units | $929,850.00 |
| Three Units | $1,123,900.00 |
| Four Units | $1,396,800.00 |
***Limits vary per State/Country
Government Mortgage Rates
| Mortgage Program | Points | Interest Rate | APR* | $ Per $1000 |
|---|---|---|---|---|
| Mass Housing - 30 Year Mortgage | Not available at this time. |
Jumbo Loan Rate - Fixed Rate 30 Year Mortgage
| Jumbo Mortgage Loan | Term in Years | Points | Interest Rate | APR | $ per $1000 |
|---|---|---|---|---|---|
| Jumbo Loan Rate - Fixed | 30 | 0 | 6.250% | 6.293% | $6.16 |
Personal Connections. Powerful Solutions.
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