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Answers (16)
- shapiroamg
- Contributions:3058
Michael. what did you offer on 3/13/2009 when the question was asked? lets compare apples to apples.
- Ken Kopper
- Contributions:1578
Clay, could you break that down in an exact number of days for me ? Wow either Scotts follow up abilities leave a bit to be desired or he is an expert spammer, you decide?
- Clay Branch, "Georgia Loans"
- Contributions:7857
This post is 1.4 years old, may explain why they are paying 1.625 points.
- Michael DeLuca, "Wis Real Estate"
- Contributions:21
Wisconsin Mortgage Offers 4.375% NO POINTS FHA or Conventional.
Call Scott spieker [Contact removed by moderator]
- Kat Whitman, "Whitman Met"
- Contributions:663
This really depends on a lot of variables - I've locked people as low as 4.49 with no points today to as high as 4.875 with no points. There are a lot of variables that can create incentives at various lenders and affect your rate. I would suggest putting up a Zillow quote and seeing if what you locked with is in line with what is on the market and offered to you via Zillow.
- Wayne Brown, "SDMortgagefinder"
- Contributions:1433
After today's move by the Fed, this is now high...Pts. wise. See if your lender if they have locked will renegotiate.
Otherwise, find a good reputable broker to assist you. Many are on this forum.
Best of Luck
Otherwise, find a good reputable broker to assist you. Many are on this forum.
Best of Luck
- Dave Mason, "DebtFreeDave"
- Contributions:1315
A good deal is only up to you. Seems very good, maybe too good.
- David Nezri, "Direct Lender"
- Contributions:265
Sounds like a great rate make sure you have it in writing.
Good Luck.
Good Luck.
- CORONA NICK
- Contributions:2218
Good luck.... watch out for the bait and switch...
your deal is better than 4.65 zero points if you are staying a few years... it sounds like a heck of a deal, assuming no/low junk fees.
- Michael Yaeger, "yaegermike"
- Contributions:754
- Lowell Sterling, "MortgageRanger"
- Contributions:15
It all depends on how long you are planning to stay in the property and what is your total closing cost. I am currently selling 4.65% 30 years fixed conforming loan with 0 points.
- IPL Mortgage
- Contributions:41
Yes. That's a good deal based on todays pricing. You could get a slightly better deal, but only by a fraction. I'm assuming this is on a conforming loan (<$417,000). Discount fees are only part of the cost equation, what are you paying in total costs beyond the buy down?
- bears100
- Contributions:71
no expert here - but we just locked at 4.375% 30-yr. fixed and will be paying 2 points. So compared to what I'm getting, sounds like you're getting even better deal
- Patrick Ignacio, "patrick ignacio"
- Contributions:322
Sounds about right based on today's rate sheets. Request a good faith estimate and truth in lending disclosure from at least 3 of your quotes to better compare and see which is really the best overall program.
Is 4.375% interest rate for 1.625 points a good deal? 30 year fixed.
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