Navy Federal Slashes Mortgage Rates

5.625% 30-Year Fixed Mortgage up to $730K

VIENNA, Va., Sept. 4 /PRNewswire-USNewswire/ -- Effective immediately, Navy Federal Credit Union is now offering its members some of the lowest rates nationwide for a wide range of Mortgage Products. For example, today's 30-year fixed rate is as low as 5.625%* -- for up to $730,000 -- far below industry average. These rates are available for either purchase or refinance mortgage loans. Navy Federal membership eligibility includes the Department of Defense (DoD) military, civilians and their families and members can get more information and apply at Navy Federal's web site at www.navyfederal.org.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080117/DC11807LOGO-b )

Navy Federal Credit Union is the world's largest credit union with over $35 billion in assets, 3 million members, 151 branch offices, and more than 7,500 employees world-wide. The credit union serves all Department of Defense (DOD) military and civilian personnel and their families. For additional information about Navy Federal, visit: www.navyfederal.org.

*5.78% Annual Percentage Rate