Actual mortgage rates

[Elke Mariotti]

Originally Posted by Jimbay01

Anyone who has recently closed or locked a rate?
If you locked a rate on a 30 year conventional- what’s you loan amount, money down, and what rate?

I’m buying 615000, with 95000 down therefore a 520,000 mortgage. Locked 4.5% but looking for lower.

You're putting down less than 20% - usually requires PMI (with very few exceptions). Did you discuss that with your LO?

[homebuyerny]

520k loan
130k downpayment
Rate: 4.35%

[jiggs1219]

Originally Posted by Jimbay01

If you’re not comfortable discussing on here please private message me. Do you mind telling me any info such as you are house cost, down payment, and mortgage amount?

My credit score is above 760 on all the agencies.

Who did you deal with specifically? I would love to sit down with them and work out to Big’s

$700k selling price.
$560k mortgage after downpayment of 20%

My wife and I have excellent credit which helps. Ours is a jumbo loan and we got $700 credit towards closing on top of having 4.125. If we wanted 4.0, it would have cost us an additional $2800 (points - credit from bank) in closing costs but we decided not to go that route.

[Elke Mariotti]

Right now, many lenders offer lower rates on jumbo loans! Probably won't last...

[Dave 92 LSC]

Mortgage rate is actually 100% if not more.

Look at your papers and do some math. If you are taking out a 30 year slave agreement, its not because you want it, its because you need it.

30 year mortgage makes you a very reliable slave for 30 years.

[Roland Deschain]

Originally Posted by Dave 92 LSC

Mortgage rate is actually 100% if not more.

Look at your papers and do some math. If you are taking out a 30 year slave agreement, its not because you want it, its because you need it.

30 year mortgage makes you a very reliable slave for 30 years.

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