Mortgage Rates

Rates are subject to change without notice.

Subject to individuals residing or working in Hampden or Hampshire Counties of MA; Greater Granby CT Area, Northern Hartford or Northern Tolland Counties of CT.

For mortgages, rates are shown for owner-occupied properties. The monthly payment does not include taxes and insurance. Your actual payment may be greater.

Call for rates for 1-4 family investment properties.

All Loans with an Asterisk (*) reflect a 0.250% interest rate discount as long as you maintain an automatic payment withdrawal from a new or existing Westfield Bank checking account. The account must be opened prior to the settlement of your loan. A Relationship Banking Notice will be given at the start of your application.

Questions about loan rates?

Contact a Home Loan Specialist at (413) 568-1911, (800) 995-5734, or visit one of our convenient offices.

Rates as of Friday, April 13, 2018
Product Description	Points	Interest Rate	APR	Payment per $1,000	Payments	Apply
10-30 Year Fixed Rate Mortgages - Please ask us about other point options available.
30 Year Conventional Fixed Rate	0.000	4.125%	4.216%	$4.85	Show Payments
20 Year Conventional Fixed Rate	0.000	3.875%	4.000%	$5.99	Show Payments
15 Year Conventional Fixed Rate	0.000	3.375%	3.533%	$7.09	Show Payments
10 Year Conventional Fixed Rate	0.000	3.125%	3.346%	$9.71	Show Payments

Rates as of Friday, April 13, 2018
Product Description	Points	Interest Rate	APR	Fully Indexed Rate	Payment per $1,000	Payments	Apply
WB First Time Homebuyers 10/1 Year ARM Discounted* - Term 30 Years. Margin 3.500%, Index 2.060%, Caps 2% per adjustment, 6% Lifetime. Initial Discounted Rate is 2.125% for the first year.
WB First Time Homebuyers Discounted Arm (10/1)* 30 Year Term.	0.000	3.375%	4.268%	5.500%	$4.42	Show Payments
WB Fixed First Time Homebuyers - Term 30 Years
WB First Time Homebuyers 30 Year Fixed	0.000	4.000%	4.090%	N/A	$4.77	Show Payments
WB First Time Homebuyers 10/1 Year ARM - Term 30 Years. Margin 3.500%, Index 2.060%, Caps 2% per adjustment, 6% Lifetime. Initial Discounted Rate is 1.875% for the first year.
WB First Time Homebuyers Arm (10/1) 30 Year Term	0.000	3.625%	4.419%	5.500%	$4.56	Show Payments

A first time homebuyer is an individual who has no ownership in a principal residence during the 3-year period preceding the date of the purchase of the property.

Rates as of Friday, April 13, 2018
Product Description	Points	Interest Rate	APR	Fully Indexed Rate	Payment per $1,000	Payments	Apply
1 YEAR FIXED/1 YEAR ARM - 30 Year Margin 3.500%, Index 2.060%, Caps 2% per adjustment, 6% lifetime. Initial Discounted Rate is 2.875% for the first year.
1/1 Adjustable Rate 30 Year Term*	0.000	2.750%	5.306%	5.500%	$4.08	Show Payments
3 YEAR FIXED/3 YEAR ARM - 30 Year Margin 3.500%, Index 2.420%, Caps 2% per adjustment, 6% lifetime Initial Discounted Rate is 3.000% for the first 3 years.
3/3 Adjustable Rate 30 Year Term*	0.000	2.875%	5.090%	5.875%	$4.15	Show Payments
5 YEAR FIXED/1 YEAR ARM - 30 Year Margin 3.500%, Index 2.060%, Caps 2% per adjustment, 6% lifetime. Initial Discounted rate is 2.500% for the first 5 years.
5/1 Adjustable Rate 30 Year Term*	0.000	3.000%	4.595%	5.500%	$4.22	Show Payments
7 YEAR FIXED/1 YEAR ARM - 30 Year Margin 3.500%, Index 2.060%, Caps 2% per adjustment, 6% lifetime Initial Interest Discounted Rate is 2.250% for the first 7 years.
7/1 Adjustable Rate 30 Year Term*	0.000	3.250%	4.495%	5.500%	$4.35	Show Payments
10 YEAR FIXED/1 YEAR ARM - 30 Year Margin 3.500%, Index 2.060%, Caps 2% per adjustment, 6% lifetime Initial Interest Discounted Rate is 2.125% for the first 10 years.
10/1 Adjustable Rate 30 Year Term*	0.000	3.500%	4.344%	5.500%	$4.49	Show Payments

Rates as of Friday, April 13, 2018
Product Description	Points	Interest Rate	APR	Fully Indexed Rate	Payments	Apply
30 YEAR FIXED Permanent Construction
30 YEAR FIXED Const.Perm	0.000	4.375%	4.530%	N/A	Show Payments
7 YEAR FIXED / 3 YEAR ARM Permanent Construction - 30 Year Margin 3.500%, Index 2.420%, Caps 2% per adjustment, 6% lifetime. Initial Discounted Rate is 2.000% for the first 3 years.
7/3 ARM Const. Perm - 30 Years	0.000	3.750%	5.112%	5.875%	Show Payments
10 YEAR FIXED/1 YEAR ARM Permanent Construction - 30 Year Margin 3.500%, Index 2.060%, Caps 2% per adjustment, 6% lifetime. Initial Discounted Rate is 1.375% for the first years.
10/1 ARM Const. Perm - 30 Year	0.000	4.000%	4.711%	5.500%	Show Payments

Rates as of Friday, April 13, 2018
Product Description	Points	Interest Rate	Payment per $1,000	Apply
Investment Real Estate. Non-Owner Occupied 1-4 Family. 20% Minimum down payment.
3 Year Fixed/ 3 Year ARM-20 Year Term*	0.500	4.625%	$6.39
5 Year Fixed/ 5 Year ARM-20 Year Term*	0.500	4.750%	$6.46
7 Year Fixed/ 1 Year ARM- 20 Year Term*	0.500	5.250%	$6.74

Investment Loans are for non-owner occupied residential real estate.Unless otherwise noted.

Unless otherwise noted , Annual Percentage Rates (APR) and payments assume a $100,000 mortgage, 20% down payment and 30 year term.

The Annual Percentage Rate (APR) on all Adjustable Rate Mortgages (ARM) may increase after closing. The interest rate may increase during the life of the loan which may result in a higher monthly payment.

Adjustable Rate Mortgage interest rates are based on a margin plus an index rounded to the nearest 1/8^th of 1 percent. The margin is currently 3.50 percent. The index is the most recent monthly average yield on U.S. Treasury Securities adjusted to a constant maturity of 1 yr, 3 yr, or 5 years of the loan as published in the Federal Reserve’s statistical release H15. For example the 5/1 Adjustable Rate Mortgage has a fixed period of five years and every year thereafter the index would adjust to the most recent monthly average yield on U.S. Treasury Securities adjusted to a constant maturity of 1 year.

Loans with loan-to-value ratios greater than 80% require private mortgage insurance.

The program description is not an offer to extend credit. The extension of credit is dependent upon your credit history, loan-to-value ratio, and other factors.