|10 Yr Bond||1.95 %||-0.06|
1st National Bank is offering a Money Market special now through March 31st. The special is for new money with new funds. If you open a new money market with $2500 or more, plus have a checking account or open a new checking account with a minimum balance of $1000 and receive at least a monthly direct deposit to your checking account, you will receive 1.01% APY for 12 months. If you don't want to have do the checking or directo deposit, you can still receive 1.01% for 3 months.
Thinking about purchasing a new home? 1st National Bank is offering a 30 year fixed interest rate as low as 3.644% APR with only $299 in closing costs for a minimum $120,000 loan.*
A 30 year rate of as low as 3.786% APR or a 15 year rate of 3.072% APR with $299 closing cost for a minimum of $150,000.*
*Certain conditions will apply for all the above. Rates are subject to change without notice. Contact a mortgage lender for further informaiton at 513-770-3221 (Mason) or 513-677-2411 (Cincinnati).
FHA LOWERING RATES BY by 1/2%
Effective 1/26/15, FHA will reduce mortgage insurance premiums on new loans by .5%. Don Roberts, Chief Mortgage Lender for 1st National Bank said, “Because of the dramatic drop in interest rates, anyone that borrowed money since the middle of 2013, should consider refinancing. FHA borrowers get a special ½% advantage because Mortgage Insurance Premiums (MIP) will be ½% lower. Interest rates are about 1% lower than this time last year. It’s a great time to refinance. While the volume of loans for home purchases remains strong, refinancing volume is definitely surging.”
To see if you can save money by refinancing, contact us at 513.932.3221.
Did you know 1st National Bank has a very popular home construction loan program? Ask us for details.