Whether buying or refinancing, you will find the great rates and flexible terms you are looking for right here at East Cambridge Savings Bank.

Adjustable Rate Mortgages (ARMs)* (Effective: Thursday, August 28, 2008)
Program	Term	Interest Rate	Points	APR	Monthly Payments per $1000 borrowed
1/1 ARM (Caps: 2% annual, 6% lifetime)			0	0.000%	months  1   to  12   $0.00  months  13   to  360   $0.00
3/1 ARM (Caps: 2% annual, 6% lifetime)	30 years	5.375%	0	5.008%	months  1   to  36   $5.60  months  37   to  360   $5.31
5/1 ARM (Caps: 2% annual, 6% lifetime)	30 years	5.750%	0	5.219%	months  1   to  60   $5.84  months  61   to  360   $5.36
7/1 ARM (Caps: 2% annual, 6% lifetime)	30 years	5.990%	0	5.446%	months  1   to  84   $5.99  months  85   to  360   $5.41
10/1 ARM (interest only) (Caps: 2% annual, 6% lifetime)	30 years	6.375%	0	5.833%	0   to  120 months   $5.24 121   to  360 months   $6.53
*Annual Percentage Rate (APR) subject to change without notice. Owner-occupied Massachusetts properties (1-4 family) only. Downpayment of less than 20% (including condominiums) requires mortgage insurance. APRs are based on a 20% downpayment. Index: Current 1 Year Treasury Security = 2.18%. Margin = 2.75%. These loans have a 30-year term and an adjustable rate feature. Initial rate is fixed for the initial period and then one-year adjustable thereafter. Hazard insurance is required.

Conforming Fixed Rate Mortgages* (Effective: Thursday, August 28, 2008)
Program	Term	Interest Rate	Points	APR	Monthly Payments per $1000 borrowed
30 Year Fixed Rate Mortgage	360 months	6.000%	2	6.204%	$6.00
	360 months	6.250%	1	6.360%	$6.16
	360 months	6.500%	0	6.514%	$6.32
15 Year Fixed Rate Mortgage	180 months	5.875%	1	6.055%	$8.37
	180 months	6.125%	0	6.148%	$8.51
10 Year Fixed Rate Mortgage	120 months	5.750%	1	6.005%	$10.98
	120 months	6.000%	0	6.033%	$11.10
*Annual Percentage Rate (APR) subject to change without notice. Owner-occupied Massachusetts properties (1-4 family) only. Downpayment of less than 20% (including condominiums) requires mortgage insurance. APRs are based on a 20% downpayment. Hazard Insurance is required. Please contact our Customer Service Department for Jumbo Mortgage Rates.

First Time Home Buyer Programs* (Effective: Thursday, August 28, 2008)
Program	Term	Interest Rate	Points	APR	Monthly Payments per $1000 borrowed
FTHB 5/1 ARM (Caps = 2% annual, 6% lifetime.)	30 years	5.625%	0	5.171%	months  1   to  60   $5.76  months  61   to  360   $5.35
5/1 Year ARM Special FTHB ($1,000.00 Closing Cost Credit. Prepayment Penalty if paid off within 3 years of note date: 3 months interest or $1,000.00 - whichever is greater. )	30 years	5.750%	0	5.219%	1   to  60 months   $5.84 61   to  360 months   $5.36
FTHB 7/1 ARM (Caps = 2% annual, 6% lifetime.)	30 years	5.875%	0	5.388%	months  1   to  84   $5.92  months  85   to  360   $5.40
7/1 Year ARM Special FTHB ($1,000.00 Closing Cost Credit. Prepayment Penalty if paid off within 3 years of note date: 3 months interest or $1,000.00 - whichever is greater. )	30 years	5.990%	0	5.446%	1   to  84 months   $5.99 85   to  360 months   $5.41
*Annual Percentage Rate (APR) subject to change without notice. Owner-occupied Massachusetts properties (1-4 family) only. Downpayment of less than 20% (including condominiums) requires mortgage insurance. APRs are based on a 20% downpayment. Index: Current 1 Year Treasury Security 2.18%. Margin = 2.75%. These loans have a 30-year term and an adjustable rate feature. Initial rate is fixed for the initial period and then one-year adjustable thereafter. Hazard Insurance is required. FTHB is a borrower who has not had homeownership during the past 18 months.

Additional rates and terms available
All loans are subject to credit approval.
All rates are subject to change.