Rate terms and conditions.

Rates change often

Rates are subject to change without notice. When published, rates are updated once daily, Monday through Friday, typically in the morning.

Pricing assumptions

• Credit score of 780 or higher
• Loan amount of $300,000
• At least 20% equity (an appraisal may be required)
• Purchase transaction
• Single-family, owner-occupied home

Pricing may be shown with up to 1% in discount points. The rate does not include closing costs. The APR reflects estimated closing costs, which may be paid by the seller, the lender and/or the borrower.

Adjustable-rate mortgages

The 5-year ARM is fixed for the first 5 years. After that, the rate is based on an index (typically the 6-month SOFR) plus a 2.75% margin, with 2/1/5 caps. The rate adjusts every 6 months, by no more than 1% per adjustment, and can never be more than 5% above the starting rate.

Other factors

Pricing may differ based on each lender’s debt-to-income requirements. Prepayment penalties may apply to adjustable jumbo loans during the first 12 months.

MAC5 Mortgage offers products for lower credit scores, higher loan-to-value and higher debt-to-income ratios. These are priced according to each lender’s risk.