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mobius99 
Xavier Fan
Home in The Chuck
Member since Jan 2009
365 posts
| mortgage interest rate??? (Posted on 2/13/13 at 2:12 pm)
Just got qualified at 3.2% is this good or should we shop around more?
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Dan 
LSU Fan
New Orleans
Member since Dec 2006
2068 posts
| re: mortgage interest rate??? (Posted on 2/13/13 at 2:16 pm to mobius99)
30 year?
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guttata
LSU Fan
prairieville
Member since Feb 2006
18243 posts
| re: mortgage interest rate??? (Posted on 2/13/13 at 2:17 pm to Dan)
I'd jump on it. We ended up at 3.375/30 yrs when we closed 6 mo ago
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mobius99
Xavier Fan
Home in The Chuck
Member since Jan 2009
365 posts
| re: mortgage interest rate??? (Posted on 2/13/13 at 2:18 pm to Dan)
Yes, 30 year. Thanks.
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wiltznucs 
South Florida Fan
Apollo Beach, FL
Member since Sep 2005
4367 posts
 Online
| re: mortgage interest rate??? (Posted on 2/13/13 at 2:25 pm to mobius99)
Anything 3.5 or below is good on the current 30 year fixed...
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ragacamps
LSU Fan
Member since Jan 2011
1843 posts
| re: mortgage interest rate??? (Posted on 2/13/13 at 2:27 pm to mobius99)
You can tell me to kiss your arse for asking this, and I would understand, but would you mind telling me what your credit score is??
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Catman88
LSU Fan
Baton Rouge, LA
Member since Dec 2004
36350 posts
| re: mortgage interest rate??? (Posted on 2/13/13 at 2:32 pm to mobius99)
Is this the rate or the APR?
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Tmacelroy12
LSU Fan
Houston
Member since Aug 2012
5489 posts
| re: mortgage interest rate??? (Posted on 2/13/13 at 4:14 pm to Catman88)
Just a heads up:
Prime rate is 3.25%
The longer terms bring higher interest rates (due to uncertainty of collecting interest in future terms)
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ParIV
LSU Fan
Baton Rouge
Member since Apr 2004
1706 posts
| re: mortgage interest rate??? (Posted on 2/13/13 at 4:32 pm to mobius99)
Where did you get this rate? I'm building a house and will be closing in the next month or two.
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Crimsonsaint24 
Alabama Fan
Alabama
Member since Jul 2011
456 posts
| re: mortgage interest rate??? (Posted on 2/14/13 at 8:19 am to mobius99)
I refinanced months back and I got a rate of 3.8 makes a huge difference but I went with a 20 year mortgage
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jojothetireguy 
New Orleans Saints Fan
Live out in Coconut Grove
Member since Jan 2009
8458 posts
| re: mortgage interest rate??? (Posted on 2/14/13 at 10:13 am to mobius99)
who is doing your mortgage and if you don't mind me asking what percentage are you intending to put down? We are in the process of buying now and i think we have ours at 3.68. Which is still good, but we both have credit scores 790 and up.
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lsu tigerdog
LSU Fan
Baton Rouge
Member since Nov 2007
92 posts
| re: mortgage interest rate??? (Posted on 2/14/13 at 10:38 am to mobius99)
did you lock in and what kind of loan program.
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guttata
LSU Fan
prairieville
Member since Feb 2006
18243 posts
| re: mortgage interest rate??? (Posted on 2/14/13 at 11:27 am to lsu tigerdog)
I did my build and permanent financing through E federal Credit Union. They just sold off the loan to another lender. I financed 65% the total cost.
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ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
4598 posts
| re: mortgage interest rate??? (Posted on 2/14/13 at 11:58 am to guttata)
Betting farm this is usaa . 3.2 on 30 0/0 is low.
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guttata
LSU Fan
prairieville
Member since Feb 2006
18243 posts
| re: mortgage interest rate??? (Posted on 2/14/13 at 4:35 pm to ItNeverRains)
That would basically mean USAA is losing money. If prime is 3.25, and there are no points/closing costs, they make no $$
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ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
4598 posts
| re: mortgage interest rate??? (Posted on 2/14/13 at 4:58 pm to guttata)
Usaa on a va loan can offer discounts to vets. You agree to get shot at, you get an 8th to quarter discount
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guttata
LSU Fan
prairieville
Member since Feb 2006
18243 posts
| re: mortgage interest rate??? (Posted on 2/14/13 at 8:04 pm to ItNeverRains)
I've got USAA and they couldn't beat the rate I was offered by my credit union. I guess I wasn't worthy.
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Cholo 
Arkansas Fan
El Paso, Texas
Member since Oct 2012
976 posts
Online
| re: mortgage interest rate??? (Posted on 2/14/13 at 8:23 pm to ItNeverRains)
quote:
Usaa on a va loan can offer discounts to vets. You agree to get shot at, you get an 8th to quarter discount
Hell yeah well worth it. I love USAA.
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