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Anyone lock in this past week or so?
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SweetCin
My green-eyed boy
Member since 5/05 13499 total posts
Name:
Cin
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Anyone lock in this past week or so?
I'm just curious if you locked in on a mortgage what rate you got....we're looking at a 30 yr fixed & the lowest we got was 7...which seems high.
We're going to check out Chase tomorrow. That was thru Bank of America...but the closing costs are nothing.
Cin
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Posted 7/23/07 7:20 PM  |
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jandt2006
LIF Adult
Member since 8/05 1338 total posts
Name:
Teresa
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Re: Anyone lock in this past week or so?
are you using a bank or a broker?
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| Posted 7/23/07 7:22 PM |
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njbound07
LIF Adolescent
Member since 4/07 799 total posts
Name:
pimpette
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Re: Anyone lock in this past week or so?
Posted by SweetCin
I'm just curious if you locked in on a mortgage what rate you got....we're looking at a 30 yr fixed & the lowest we got was 7...which seems high.
We're going to check out Chase tomorrow. That was thru Bank of America...but the closing costs are nothing.
Cin
it's exactly what i was saying in the other thread. they charge you a higher rate b/c they are waiving their closing costs. they charge you a higher rate so that they can recover their pmi & closin costs... it's too good to be true.. ain't nuttin' for free in this world.
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| Posted 7/23/07 7:28 PM |
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charon54
My two boys!
Member since 5/05 7279 total posts
Name:
Rebecca
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Re: Anyone lock in this past week or so?
Hi...DH is a bank manager. He works for WaMu and they have a similar product to Bank of America. It is called a Mortgage Plus. You pay few or no closing costs but it results in a higher rate. The only thing good about the WaMu product is that you can lock and unlock the rate as they go up and down.
He says mortages are ranging between 6.5% and 7% depending upon the day but you are looking at 3-6% closing costs. He has a mortgage specialist at his branch...FM me if you need info 
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| Posted 7/23/07 7:51 PM |
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LIgrlatheart
LIF Adolescent
Member since 7/06 638 total posts
Name:
christi
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Re: Anyone lock in this past week or so?
we got 6.75 for a 15 day lock friday
it was 6.85 for 30 day but we are closing in 7 days
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| Posted 7/23/07 8:05 PM |
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SweetCin
My green-eyed boy
Member since 5/05 13499 total posts
Name:
Cin
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Re: Anyone lock in this past week or so?
Anyone else?
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| Posted 7/26/07 7:16 PM |
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VickiC
Rocking the party
Member since 5/05 4937 total posts
Name:
Vicki
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Re: Anyone lock in this past week or so?
I haven't locked yet, but Bethpage Federal Credit Union is sitting between 6.5% and 6.625%. We are most likely going with them as well.
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| Posted 7/26/07 7:43 PM |
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