interest rates cut to save the economy

[dragonrider]

what are they charging on a 1 year fixed mortgage? you can renew it at the lowest rate every year and pay down as much as you want without penalty

I don't think they offer that kind of loan. Here is the rate page, with rates for the different types of home loans: https://www.patelco.org/rates/rates.aspx

Note: It changes all the time, so if you look tomorrow, the 30-year fixed might not be 4.625, but today, 12/18/08, it is.