Profile picture for maniatico

hi how u all doing? I lock at 5.2 is that good. i didn't buy no points.

This is on a fha loan in palmdale. thanks alot
  • November 08 2009 - Palmdale
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Answers (10)

You could have done a little better. Still that's a historic low rate. Best wishes on your funding!
  • November 10 2009
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Hi mantiatico... while Nic Netherton's commets are most interesting... may I suggest doing a a mortgage quote request via the Zill Mortgage Marketpace and see who responds.

jw
  • November 09 2009
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Maniatico-  Do your self a favor and call Gregorio Denny who posted in this thread and get a good faith estimate from him.
  • November 09 2009
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Profile picture for maniatico
well the loan is for 185k credit score 679 for closiing cost i paid 2k and the seller paid the rest.
  • November 09 2009
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That is not a bad rate but we would need more information on the loan to accurately give you and idea.  If you are not paying any origination points with that rate you probably received a fair deal.  But the loan size is the biggest factor and not knowing that we are all just guessing.
  • November 09 2009
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Declining market has nothing to do with FHA rates. Even if this was a high balance (above 417K) it should be more like 5% with no points. 
  • November 09 2009
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Maybe Palmdale, CA  is still in the high risk of depreciation area, and the bank takes that into the compensation, and it is depended on your credits, your income, DTI etc...
  • November 09 2009
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Unless it's a very small loan amount it's a terrible rate!

Not sure what the previous 2 are talking about.
  • November 09 2009
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That is a good deal, no points!
  • November 09 2009
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That's a great rate with paying no discount points... I'm sure you meant 5.25% right?
  • November 09 2009
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