Today's Rates
| Mortgage | Rate | APR |
|---|---|---|
| 20 Year Fixed Bi-Weekly with Auto-Pay | 3.550% | 3.569% |
| 15 Year Fixed Auto-Pay | 2.950% | 2.983% |
| 10 Year Fixed Auto-Pay | 2.850% | 2.899% |
| 1-Year Auto-Pay ARM with 15-Year Term | 1.375% | 1.407% |
| 1-Year Auto-Pay ARM with 10-Year Term | 1.375% | 1.422% |
| Home Equity | Rate | APR |
| 15 Year Fixed HE Loan | 5.000% | 5.000% |
| 5 Year Fixed HELOC | 4.990% | 4.990% |
Click on the Rate or APR for payment information.
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Mortgage Rates are Low. Your Peace of Mind is High.
With rates at historic lows, now may be the best time to refinance or get a mortgage.
At Merchants Bank, we:
- Keep our mortgages local and don’t sell them off like other banks or credit unions.
- Offer a variety of money-saving options to meet your specific needs.
- Follow up with local customer service and support.
Easy and Quick online application.
Make your mortgage payment disappear sooner with our Bi-Weekly Mortgage.
By making one-half of your monthly mortgage payment every two weeks you can reduce the time it takes to pay off your mortgage. And that translates into some serious savings.
Our exclusive Bi-Weekly Mortgage is just one of the many ways we can help you save.
Check out all our money-saving mortgage options and start saving.
If you lock in your rate, you'll rest easier.
Who knows where rates are headed. Ask about our rate lock feature and see if locking in your rate is an option for you. Our rate lock guarantees your rate is protected, even if interest rates go up.