Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate > Mortgages
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 03-07-2013, 08:34 PM
 
3,826 posts, read 5,784,004 times
Reputation: 2397

Advertisements

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.
Reply With Quote Quick reply to this message

 
Old 03-08-2013, 05:44 AM
 
231 posts, read 494,455 times
Reputation: 180
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.
Reply With Quote Quick reply to this message
 
Old 03-08-2013, 06:56 AM
 
Location: MID ATLANTIC
8,666 posts, read 22,853,798 times
Reputation: 10490
Well, after today, rates will be even higher! Unemployment report this morning is not rate friendly.
Reply With Quote Quick reply to this message
 
Old 03-08-2013, 10:23 AM
 
106 posts, read 449,785 times
Reputation: 41
Just locked at 3.625% conventional 20% down credit in the 760's origination charge $700 (I was at 3.375% at the end of September )

Not amazing but not bad either in my opinion (and I'm comfortable with the lender)

Last edited by gabrielh; 03-08-2013 at 10:33 AM..
Reply With Quote Quick reply to this message
 
Old 03-08-2013, 06:30 PM
 
513 posts, read 693,873 times
Reputation: 367
Quote:
Originally Posted by BacktoCO View Post
Did you pay an origination fee to get that rate?
No I did not. I got the rate through a bank that offers specials with my company though. My best rate outside of them with no fee was 3.5 even
Reply With Quote Quick reply to this message
 
Old 03-11-2013, 10:53 AM
 
Location: Raleigh
42 posts, read 147,507 times
Reputation: 23
we just got 3.2 .. locked in a few weeks ago , however we are doing a USDA home loan with nothing down .
Reply With Quote Quick reply to this message
 
Old 03-11-2013, 12:26 PM
 
Location: SF Bay Area
1,290 posts, read 2,037,017 times
Reputation: 816
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.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate > Mortgages

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top