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Y'all, since it is very difficult to contact mortgage professionals to get today's rate, it will probably be helpful to everyone of our members if they can post the rate that they are getting.
That way, everyone can follow up on today's rates prior and post the FED announcement at 2:15 pm EST.
Here is what I got last night: State : FL
LTV : 80
30 YR 0 PTS : 5.375%
Closing Costs : approx $6000.00
This is from Wells Fargo... everyone else quoted 5.675 yesterday.
I locked 5.125% yesterday on a 15 yr fixed. The APR was 5.375% due to 1 point, but it didn't come out of my pocket because the builder subsidized it and all closing costs on a new home he had sitting in inventory. It was a conforming loan (no PMI) for $150,000K.
When I asked their finance dept today if rates changed they said no they could still get 5.125%, but they were now charging 1.25 points origination fee.
I'm satisfied with my deal, but it shows you they can play any shell game they want and it's hard to keep your eye on the pea.
4.75% with 1 point for 15yr fixed.
4.875% was average everywhere....the builder always gives higher rates!
What impact would the $5000 subsidy for closing costs given by the builder have in comparing my 5.125% 1 point vs 4.75% 1 point?
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locked today -> 
