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CNBC announced 3.9 30 year fixed. Did not here the name of the bank.

On January 22, 2009   CNBC Announced a 30 year mortgage for 3.9  interest. 20 percent down and a 760 and above fico score.  Do you know the name of that bank offering that rate???????????????????????????????????
  • January 23 2009 - South Lake Tahoe
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Answers (5)

Best Answer

That program is being offered by the mortgage arm of Toll Brothers. You have to buy a new home from Toll Brothers and use their mortgage company to get that great rate.

See what the news never tells you?

Now everyone will be expecting 3.9% rates, then wonder why they can't get it.
  • January 23 2009
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Profile picture for Socialist
WHAT?!?!?!

3.9 only for few years?  The audacity of them to offer it for such a short time period!
  • January 23 2009
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I ALSO HEARD IT IS GOING TO ONLY BE AT 3.9 FOR A FEW YEARS AND THEN INCREASE, BUT CAN NOT GO OVER 4.5.
  • January 23 2009
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Toll Brothers purchased a block of money when rates dipped.  Smart move on their part if you could buy new constructon and get the loan on the new construction 1-1.5% below current rates would you be willing to pay a little more on the price to do it?

I would certainly makes buying from them more attractive than the builder down the street that can't get that rate!

  • January 23 2009
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Its a builder offering that if you buy one of their new homes.
  • January 23 2009
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