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Does the Zillow Mortgage Marketplace Rates Chart with National and Local rates include any points?

Profile picture for Kurt King
My mortgage lender thinks points are included in the rates shown in Zillow's charts.  I want actual rates to compare before I refinance without points and I thought these were.
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November 15 2009 - Somersworth
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Answers (5)

Profile picture for LUXURY HOME LOANS CA
Work with a broker you TRUST!

Zillow's Rate Chart is Inaccurate to Market Conditions.

Certainly, you will not be able to make an accurate comparision using this misguided information. ... Best wishes, Rudi 
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November 16 2009
Profile picture for Bob Lowery
How about coming with almost 3%of their purchase price out of pocket with this quote...OUCH!!!

Horrific Quote


But, at least the lender was near the top on the true cost analysis...

Eight quotes for one request......very nice job!
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November 15 2009
You can submitt a quote request via zillow. Once you have responces... look for the line "802 Loan Discount" to see if theiir  are indeed points included.

Also look at the True Cost Analysis... you may find that buying down the rate with discount points can save you money in the long run... check it out
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November 15 2009
Profile picture for Mr Caveat
no, the rate chart includes blatantly false quotes, the quotes that reasonable shoppers would ignore because they are just trying to snag buisness, the chart also includes rates that include points however is not a calculated apr so the points cost is absent from the chart
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November 15 2009
The only way you can get actual rates is to go to an actual lender. You cannot look at any rate chart on any site and know what your rate will be. Zillow rates are a snapshot of what is being quoted on the site. You will notice it's constantly changing, even on weekends when rates do not. 

If you want to know what rate is available and specific to your situation, you need to ask someone, not look at a rate chart.
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November 15 2009
 

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