California Banking Rates

30-Year Mortgage Rates Deal of the Day: The Mechanics Bank as Low as 3.520%

Mortgage rates in the United States have been up and down for years, but as the economy improves, experts do expect to see the rates to climb again. It’s for this reason that prospective homebuyers could benefit from securing a low-rate mortgage loan sooner than later.

The Mechanics Bank ensures its customers always have access to low mortgage loan rates that can keep monthly payments low. Currently, the establishment is offering customers a mortgage rate as low as 3.520% on 30-year terms.

Mortgage Rates Terms and Conditions

Qualified borrowers can take advantage of the advertised mortgage rates offered by The Mechanics Bank by taking on a loan amount of $200,000 for the purchase of an owner-occupied property. The advertised rate comes with a 3.592% APR and is associated with a 30-year loan term. The above rate assumes a 70 percent loan to value (LTV) and closing costs of $1,300. The loan comes with a 60-day rate lock period.

About The Mechanics Bank

The Mechanics Bank was founded in 1905 to provide personal banking, business banking, trust and estate services to its customers. Growing substantially over the past century, the bank operates in 33 offices across Northern California.

As of December 2012, The Mechanics Bank held total assets of $3.182 billion. With more than 600 employees serving the community, the establishment looks forward to becoming an even stronger source of financial support in the 21st century.

Find affordable mortgage rates.

Other Terms and Conditions may apply. Additionally, interest rates are based on the institution’s online published rates and may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.