re: 30 year mortgage rates.

when doing 1 time close products we always give the customer the option to stay in the construction loan. IE I have customers that use the 10/1 arm at 3.375% to build the house then stay in that loan once the house is complete. so on a 30yr am they are getting a 3.375% rate for 10yrs. the cost to the consumer is the construction fee which normally runs around $2700. its a flat fee.