Rate Information

Interest rates and annual percentage rates are subject to change.

 

Residential Mortgages Rates as of August 1, 2006 Fixed Rate Mortgages
Term	Rate	Points	APR	Lock Period
30 years	6.125% 6.250% 6.500% 6.750%	3 2 1 0	6.41% 6.44% 6.60% 6.75%	60 days
20 years	5.875% 6.125% 6.375% 6.625%	3 2 1 0	6.25% 6.38% 6.60% 6.63%	60 days
15 years	5.625% 5.875% 6.125% 6.375%	3 2 1 0	6.10% 6.19% 6.28% 6.38%	60 days
Fixed rates are available on second/vacation homes, add 1/2 point. 30 and 90 day rate locks available.
Jumbo Fixed Rate Mortgages
Term	Rate	Points	APR	Lock Period
30 years	6.500% 6.750% 7.000%	2 1 0	6.70% 6.85% 7.00%	60 days
20 years	6.375% 6.625% 6.875%	2 1 0	6.57% 6.72% 6.88%	60 days
15 years	6.125% 6.375% 6.625%	2 1 0	6.44% 6.53% 6.63%	60 days
FHA
15 - 30 years	6.750% 7.000%	1 0	6.85% 7.00%	60 days

SONYMA
Type	Term	Rate	Points	APR	Lock Period	Maximum Financing
Low Interest Rate w/CCAL & One Point	20, 25, 30 years	6.250%	0	6.350%	100 days	97%
Achieve the Dream w/CCAL & One Point	30 years	5.750%	0	5.840%	100 days	97%
Construction Incentive w/CCAL & One Point	30 years	4.875% 6.875%	0	6.32%	240 days	100%

CONFORMING ARMS
Type	Rate	Points	APR	CAPS	Index	Margin	Lock Period
1 year	5.625%	0	7.815%	2/6	5.17	3.00%	60 Day
3-1	6.125%	0	7.575%	2/5	5.17	3.00%	60 Day
5-1	6.250%	0	7.348%	3/2/6	5.17	3.00%	60 Day
7-1	6.375%	0	7.195%	5/2/6	5.17	3.00%	60 Day

Account Notes: The above quoted rates are available for 1-4 family, owner occupied, properties. Fixed Rate and Adjustable Rate Mortgages, including those with conversion options require at least a 5% down payment. Down payment requirements for FHA and SONYMA programs vary, so please contact one of our residential mortgage originators to discuss these programs. Typically, a down payment of less than 20% requires some type of mortgage insurance coverage. Cayuga Mortgage Company has available a special adjustable rate mortgage which requires no mortgage insurance or title insurance, if you have a 15% down payment. APR is an abbreviation for Annual Percentage Rate. This calculation, as shown above, assumes a 20% down payment. For more specific information, please call one of our residential mortgage originators at (607) 272-3595, or e-mail us.

APR is an abbreviation for Annual Percentage Rate; APR's assume 20% downpayment.