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Today's Mortgage Rates
EFFECTIVE DATE 1/24/12

Fixed Rate Investment
Fixed Rate Construction Portfolio (Non-Conforming)
Adjustable Rate Jumbo
Adjustable Rate Construction Jumbo Construction


Fixed Rate Mortgage (Owner Occupied, Conforming Mortgage Products)
Term Rate Points APR Payment Per $1000 Borrowed
30 Years 4.000% 0 4.14% $4.77
30 Years 3.750% 1 3.98% $4.63
30 Years 3.500% 2 3.83% $4.49
20 Years 3.500% 0 3.69% $5.80
15 Years 3.125% 0 3.36% $6.97
15 Years 2.875% 1 3.27% $6.85
15 Years 2.625% 2 3.17% $6.73
10 Years 2.875% 0 3.21% $9.60

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Fixed Rate Construction Mortgage (Construction To Permanent)
Term Rate Points APR Payment Per $1000 Borrowed
30 Years 4.250% 0.5 4.72% $4.92
30 Years 4.000% 1.5 4.56% $4.77
30 Years 3.750% 2.5 4.41% $4.63
20 Years 3.750% 0.5 4.26% $5.93
15 Years 3.375% 0.5 3.89% $7.09
15 Years 3.125% 1.5 3.79% $6.97
15 Years 2.875% 2.5 3.56% $6.85
10 Years 3.125% 0.5 3.67% $9.71

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Adjustable Rate Mortgage (30 Year Amortization Reflected)
Term Rate Points APR Payment Per $1000 Borrowed
1 Year - 12 mths
348 mths
2.125%
3.000%
0
0

3.10%
$3.76
$4.22
3/1 Year - 36 mths
324 mths
2.500%
3.000%
0
0

3.08%
$3.95
$4.22
5/1 Year - 60 mths
300 mths
3.000%
3.000%
0
0

3.13%
$4.22
$4.22

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Adjustable Rate Construction Mortgage (Construction To Permanent)
Term Rate Points APR Payment Per $1000 Borrowed
1 Year - 12 mths
348 mths
2.500%
3.000%

0.5

3.17%
$3.95
$4.22
3/1 Year - 36 mths
324 mths
2.750%
3.000%

0.5

3.17%
$4.08
$4.22
5/1 Year - 60 mths
300 mths
3.250%
3.000%

0.5

3.23%
$4.35
$4.22

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Investment Mortgage (70% LTV)
Term Rate Points APR Payment Per $1000 Borrowed
30 Year Fixed 4.000% 2 4.34% $4.77
20 Year Fixed 3.500% 2 3.92% $5.80
15 Year Fixed 3.125% 2 3.69% $6.97
10 Year Fixed 2.875% 2 3.66% $9.60

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Portfolio Mortgage (Non-Conforming 1-4 Family, 30 Year Amortization Reflected - Fully Indexed)
Term Rate Points APR Payment Per $1000 Borrowed
1 Year Adjustable
2/6 Caps
1 Year Treasury
3.000% 1 3.10% $4.22
1 Year Adjustable
Investment
3.000% 3 3.34% $4.22

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Jumbo Mortgage (Fixed Rate, Loan To Value 75% Or Less)
Term Rate Points APR Payment Per $1000 Borrowed
30 Year 4.250% 0 4.35% $4.92
20 Year 3.750% 0 3.95% $5.93
15 Year 3.375% 0 3.61% $7.09
10 Year 3.125% 0 3.43% $9.71

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Jumbo Construction Mortgage (Fixed Rate, Loan To Value 75% Or Less)
Term Rate Points APR Payment Per $1000 Borrowed
30 Year 4.500% 1 4.90% $5.07
20 Year 4.000% 1 4.44% $6.06
15 Year 3.625% 1 4.13% $7.21

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Apply For A Mortgage


For Further Information Please Call:

Paul M. Mulligan, SVP and Retail Loan Manager, Newport (401) 847-5500, fax: (401) 847-5370, NMLS ID#: 756988

Jordan Brown, Branch Manager, Stonington, CT (860) 599-1809, fax: (860) 599-1801

Maria Morrison-Barr, VP and Branch Manager, Newport (401) 847-5500, fax: (401) 847-5370, NMLS ID#: 757001

Donna Manning, VP and Branch Manager, Middletown (401) 847-9900, fax: (401) 848-7610, NMLS ID#: 756998

Sue Ann Votta, VP and Branch Manager, Wakefield (401) 789-9200, fax: (401) 783-931, NMLS ID#:756995

Frankie Algiere, VP/Branch Manager, Wilder Ave., (401) 596-5353, fax: (401) 596-8043, NMLS ID#: 756993

Kara M. Marley, Branch Manager, Portsmouth (401) 643-6000, fax: (401) 608-1670, NMLS ID#: 757003

Ask About Newport Federal Savings Bank’s 1 1/2 Point, 1 Closing Construction/Permanent Loan


The above conforming loan rates assume a 20% downpayment on a loan amount of $100,000. Conforming loan rate maximums are as follows (RI Market): owner-occupied single family dwelling - $ 417,000 ; two family - $ 533,850 ; three family - $ 645,300 ; four family - $ 801,950 . If the downpayment is less than 20%, mortgage insurance may be needed, which would increase the APR. Investment property mortgages require a 30% downpayment, while Jumbo financing requests (loan requests in excess of the above-listed dollar maximums) require a 25% downpayment. All loans are subject to credit approval. Adjustable rate and loan payment may increase after consummation of any adjustable rate mortgage. Property and Flood insurance may be required. Sample loan payments do not include either taxes or insurance which would result in a higher monthly payment.


Adjustable-Rate Mortgages (ARMs) feature an interest rate which adjusts periodically with changing market rates. NewportFed utilizes the average yield on U.S. Treasury securities adjusted to a constant maturity of 1 year plus a fixed margin of 2 and 3/4 (or 2.75%) percent. Typically, the maximum amount your rate can increase or decrease per adjustment period is 2%, and over the life of the loan, 6%.


All loans are subject to credit approval. Adjustable rate and loan payment may increase after consummation. Property and Flood insurance may be required.

More information on any of our products and services can be requested through
e-mail (warning: do not send confidential information via email) or by calling us at (401) 847-5500.

Rates and terms are subject to change without notice.


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NewportFed, 100 Bellevue Avenue, Newport, RI 02840 __ Telephone: 401.847.5500__ © 2011 NewportFed. All rights reserved.__Member FDIC _Equal Housing Lender