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I am in the same boat. I had a locked rate as od December and rates went up after that.
So, to answer the question about who is getting better rates, I think people who locked rates before rates were increased. I didn't have to pay origination fee. I was dealing with my credit union.
Had a lock from January @ 3.25% 30 year. 785+ credit score and refi was not approved at WF. (They did a refi for me in 2010 from 5.75 to 4.5%) They used too many credit cards (but no balances)(most are business accounts), self employment income down, even though personal income was up from prior years, as the reason. Never missed a payment in five years and pay ahead on principal. The 3.25 rate was with a .5 org fee. I see now they want a full 1% fee. I think they wanted more margin so they refused credit to hopefully make at a higher spread later. I will find a broker to work with and steer clear of WF.
Just closed last week on a refi. No fee. Got 3.625% 30 years fixed including the elimination of PMI because the appraisal came in higher. We are at 74% ltv.
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