Mortgage Rates at RatesTracker™

Pentagon Federal Credit Union is currently offering 5.25% APY on their 5/1 Adjustable Rate Mortgage and 5/5 Adjustable Rate Mortgage. This rate is lower than any other comparable offer I know of on a 5/1 or 5/5 mortgage product. Those paying .50 in points will receive a .25 point reduction to their mortgage rate.

Field of membership in Pentagon Federal Credit Union is open to those who work at the Pentagon as well as those who are active or retired from the U.S. Army, U.S. Air Force, or Coast Guard. Membership is also extended to those who belong to certain select companies or organizations . Those who don’t otherwise qualify for membership in this credit union are eligible to join via membership in the National Military Family Association (NMFA). Membership in the NMFA is open to all.

Pentagon Federal Credit Union is offering 5.375% apr on their 5/1 Adjustable Rate Mortgage(ARM). This rate is down from the 5.65% rate the credit union was offering on Tuesday when I last posted on this mortgage. This rate is lower than any other comparable offer I know of on a 5/1 ARM. This loan is being offered with a 90 day rate lock and no closing costs. Those paying .50 in points will receive a .25 point reduction to their mortgage rate.

Field of membership in Pentagon Federal Credit Union is open to those who work at the Pentagon as well as those who are active or retired from the U.S. Army, U.S. Air Force, or Coast Guard. Membership is also extended to those who belong to certain select companies or organizations . Those who don’t otherwise qualify for membership in this credit union are eligible to join via membership in theNational Military Family Association(NMFA). Membership in the NMFA is open to all.

Through INGDirect’s OrangeMortgage program, you can get rates as low as 6.309% APR for purchasing or refinancing a home for your primary residence.

Pay a low $895 closing cost when you get an Orange Mortgage for up to $500,000 and use their closing agent. As with any loan, you’ll need to pay required taxes, any odd days’ interest and any extra title insurance you choose to buy.

If you use your own closing agent or have a mortgage over $500,000, they still offer a pretty good deal - $1,000 off closing costs.

In addition, you’ll get a free 60-day rate guarantee when buying a home or a 30-day rate guarantee when refinancing your mortgage. This means that, from the day of your commitment, your rate is guaranteed for 60 days on purchases and 30 days on mortgage refinances, even if rates go up during that time.

Here’s a chart showing closing fees for a typical lender vs. that of the Orange Mortgage:

For more information visit their website or call ING Orange Mortgage customer service at 1-866-327-4599.