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Has anyone closed recently and what interest rates have you gotten? I have heard that lenders are offering good "deals" b/c of the market. Has anyone found any?
Has anyone closed recently and what interest rates have you gotten? I have heard that lenders are offering good "deals" b/c of the market. Has anyone found any?
Thanks
I think you will find that rates have been affected by inflation fears, liquidity issues, and bond sales pricing.
"Good Deals" is always a relative term, and current rates are up a little from a month or two ago. I predict that trend will be continuing.
Beware of unachievable teaser deals that are meant to get you in the door.
I haven't found any deals, but then again I've worked with the same lender (First Horizon) for the past three transactions I've done. Rates right now overall aren't that great. I wound up 6% 5/1 ARM with very low closing costs (no points/no origination fee). My intention is to refinance to a 15 or 20-year fixed within the next few years.
Fixed interest rates are high right now (I guess I've seen ARMs getting high too). The NC State Employee's Credit Union offers an ARM capped at 1% every 2 years. It WAS 4.25% for LTV 90% and less. Even that has gone up to 4.75% this week. It's still a good deal though depending on what you're trying to do.
Rates are more set by the market, and not individual banks or mortgage companies. The only way you are going to find a deal is on a new home where the builder is buying down the rate for you.
Rates are more set by the market, and not individual banks or mortgage companies. The only way you are going to find a deal is on a new home where the builder is buying down the rate for you.
So many people ask for closing costs assistance from Sellers, it may be possible to get some buydown bucks from a private reseller, too.
I'm closing Friday and am locked in at 6% for a 30-year fixed as a first mortgage. This was locked in a few weeks ago, though, and I think rates have gone up a bit since then.
I'm closing Friday and am locked in at 6% for a 30-year fixed as a first mortgage. This was locked in a few weeks ago, though, and I think rates have gone up a bit since then.
They've definitely gone up, especially in the past two of weeks!
We closed late May. Got 15 year fixed for 5.5% No origination fee and 0 points.
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