What are the best 30 year fixed mortgage rates available? (loan, interest rate, credit)

[sammbriggs]

Anyone care to go over recent deals?

[VictorBurek]

that depends on how much you want to pay in closing costs. A mortgage rate is like buying anything else, the more you pay the better the rate.

[evilnewbie]

You will never get the best deal, you will get the typical deal... there is no law that requires for banks to give you the best offer, so you can forget it... With my credit profile, I should be getting AMAZING offers... what do I get? The same offer as a regular person..

[VictorBurek]

Originally Posted by evilnewbie

You will never get the best deal, you will get the typical deal... there is no law that requires for banks to give you the best offer, so you can forget it... With my credit profile, I should be getting AMAZING offers... what do I get? The same offer as a regular person..

This is no longer true. On conventional loans, the best rates go to consumers with 740 and above fico scores. Each 20 credit points lower, those consumers must pay higher fees or accept a higher interest rate. On gov't loans such as FHA, VA, and USDA everyone with a 620 and above score gets the same rate with same fees.

FYI, yesterday the par 30 year conventional rate loan was 4.875%.

[TommyTRMG]

It all depends on what type of loan (FHA, VA, Conventional, USDA), length of term, time you expect to close on the home (affects lock), daily mortgage bond market, and estimated time you expect to live in the home (avg is 5-7 years).

Best of luck on your mortgages.