- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Current Mortgage rates vs what the lenders are offering...
Posted on 9/9/14 at 9:39 pm
Posted on 9/9/14 at 9:39 pm
What is an accurate website to show current mortgage rates? Many websites I check all vary a bit. Despite a 795 credit score, putting 20% down, a yearly income right at 50% of what the purchase price will be, and no outstanding debts, I'm seeing offers anywhere from 4.25-4.50% on a 30yr. Judging by some of these websites saying current mortgage prices are below 4.2, I'm wondering if that "average mortgage price" is just a unicorn that will never be beat.
This post was edited on 9/9/14 at 9:40 pm
9
Posted on 9/10/14 at 6:41 am to TigerTatorTots
Zillow, compare mortgage rates.
Posted on 9/10/14 at 11:00 am to TigerTatorTots
i look at rates daily becuase i am a loan officer and the lowest they have been recently is 4.25%. so depending on the bank 4.25%-4.375% is going to be teh going rate
Posted on 9/10/14 at 1:05 pm to TigerTatorTots
Currently in the same process and I keep getting 4.25 too.
Posted on 9/10/14 at 1:11 pm to TigerTatorTots
Closed back in April @ 4.25. RD loan.
Posted on 9/10/14 at 1:21 pm to bak8367
most banks are going to offer the same rate. what sets them apart are closing cost and how quickly they can get the loan done for you. pick someone local and make your life easier
Posted on 9/10/14 at 1:49 pm to hawkeye007
quote:
Hawkeye007
Since you are a loan officer, question for you.
I recently purchased my first house in July. I only had 5-10% for the down payment, and was offered 4.25% with PMI. The officer told me that he could bump my rate to 4.5% and get rid of the PMI. For cash flow purposes, this made the most sense.
Fast forward to today. I have a cousin who is a huge dick head and always try to one up me with anything I do. When he found out I purchased a house, he immediately started looking for houses with his wife. He came to me and said he received a 3.75% quote on his loan. Yesterday, he said he "finalized on a 4% rate" and wanted to know if that was good. He knows my rate and was clearly only asking bc he wants to show he has a better rate.
My question is this: is there anyway he could get relatively close to receiving a 4% rate ? I do not believe him at all as he is a pathological liar. He is getting a 30 year mortgage, probably putting down 10-15%, will co-borrow with his wife, and probably has a 730-750 credit score.
Posted on 9/10/14 at 1:52 pm to catfish 62
I'm not a loan officer but unless its a 15 year loan I say he's full of shite.
Posted on 9/10/14 at 1:56 pm to Teddy Ruxpin
I agree with you. I can't stand him.
Also forgot to include this 4% rate does not include PMI.
Also forgot to include this 4% rate does not include PMI.
Posted on 9/10/14 at 1:57 pm to TigerTatorTots
Wells Fargo - Today's Rate
Sounds about right. The budget sites usually require you to essentially buy points to get to those rates. Look at the fine print.
Sounds about right. The budget sites usually require you to essentially buy points to get to those rates. Look at the fine print.
Posted on 9/10/14 at 1:58 pm to catfish 62
yea i call bullshite i pulled a 4.125 for a customer recently but i havent seen a 40yr below that in over a year. and 4.5% without PMI is a damn good rate
Posted on 9/10/14 at 2:10 pm to hawkeye007
Yeah I'm very happy with my rate and situation.
It's just blatantly obvious that he's lying and for some reason thinks he can bullshite.
He hasn't even given any financial information to a lender so I don't know wtf he is talking about.
It's just blatantly obvious that he's lying and for some reason thinks he can bullshite.
He hasn't even given any financial information to a lender so I don't know wtf he is talking about.
Posted on 9/10/14 at 2:13 pm to TigerTatorTots
I closed on a house on August 25th, and wanted to thank everyone who helped me out in the thread I had posted Mortgage Advice.
I did a lot of research on lenders and went with ahclending.com (Reviews on credit karma, their experience closing in Texas). It was a great experience, and our realtor (Who had strongly advised against going with an online lender) even commented at closing that it was one of the smoothest he had ever seen.
Right now, just using the info you provided, I am getting a 4.125% with zero points and an $1,800 credit at closing on ahc's website. This was the exact quote I got, and they followed through with everything they quoted me.
I think if you look around some you should be able to find some lenders willing to offer closer to 4%. Good luck.
I did a lot of research on lenders and went with ahclending.com (Reviews on credit karma, their experience closing in Texas). It was a great experience, and our realtor (Who had strongly advised against going with an online lender) even commented at closing that it was one of the smoothest he had ever seen.
Right now, just using the info you provided, I am getting a 4.125% with zero points and an $1,800 credit at closing on ahc's website. This was the exact quote I got, and they followed through with everything they quoted me.
I think if you look around some you should be able to find some lenders willing to offer closer to 4%. Good luck.
Posted on 9/10/14 at 2:14 pm to NOFOX
that FHA rate of 4.125% is crazy high..that rate should be 3.875% tops
Posted on 9/10/14 at 2:20 pm to LSU Delirium
quote:
LSU Delirium
Are you my cousin ?
Posted on 9/10/14 at 2:38 pm to TigerTatorTots
Penfed has 3.875 on their website. 30 years, 1% origination.
Posted on 9/10/14 at 2:59 pm to foshizzle
In 2010 I did an rd loan. 0 down @5.5%. I had to pay the guarantee fee as well. No pmi technically bc of the rd fee. Am I screwed into waiting until I get 20% equity in the home before I can refi? Have about 6 % equity right now.
Posted on 9/10/14 at 4:14 pm to catfish 62
Not that I am aware of, but if you are from South Louisiana, I guess there is a good chance of us being related in some way.
Posted on 9/10/14 at 4:39 pm to TigerTatorTots
He probably got a 10 year arm and screwing with your head. frick him.
Oh and good luck going online. Haha. I have heard so many horror stories.
Oh and good luck going online. Haha. I have heard so many horror stories.
Posted on 9/10/14 at 8:26 pm to hawkeye007
Thanks
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News