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30 year mortgage rates.
Posted on 5/17/16 at 10:16 pm
Posted on 5/17/16 at 10:16 pm
What is the going rate right now? Credit score in the 800s.
Posted on 5/17/16 at 10:28 pm to vettegc
About tree fiddy.
Seriously...about 3.5% or a little higher.
Seriously...about 3.5% or a little higher.
Posted on 5/18/16 at 5:14 am to vettegc
Had a client lock jumbo at 3.625 on a 30, did not buy down.
usbank is stupid cheap on jumbo at the moment.
usbank is stupid cheap on jumbo at the moment.
Posted on 5/18/16 at 6:28 am to ItNeverRains
For the uninitiated, Jumbo Loans (also known as Alt-A or Alternative-A Financing) refers to mortgages that are higher than the typical, Fannie/Freddie federal guideline limits for single family homes. I believe the limit has been $417,000 for many years now.
They're riskier than "A paper" (obviously where the Alternative A comes in) but they aren't sub prime. They are considered a non-conforming loan. But for any amount over $417K they are a necessity.
They're typically a tad higher than regular Fannie/Freddie rates due to the non-conformity of the product (due to loan value or documentation requirements etc) and also typically require more expensive appraisals, or sometimes multiple appraisals. They're looked at a tad more closely than a normal loan package-but not overly so-and depending on the situation can be very competitive with conforming, conventional financing options.
They're riskier than "A paper" (obviously where the Alternative A comes in) but they aren't sub prime. They are considered a non-conforming loan. But for any amount over $417K they are a necessity.
They're typically a tad higher than regular Fannie/Freddie rates due to the non-conformity of the product (due to loan value or documentation requirements etc) and also typically require more expensive appraisals, or sometimes multiple appraisals. They're looked at a tad more closely than a normal loan package-but not overly so-and depending on the situation can be very competitive with conforming, conventional financing options.
This post was edited on 5/18/16 at 6:30 am
Posted on 5/18/16 at 7:30 am to vettegc
At the very worst you get a 4%
Posted on 5/18/16 at 8:36 am to vettegc
3.625% -3.75% depending on the day right now.
Posted on 5/18/16 at 8:51 am to hawkeye007
4.125 was the going rate at this time last year
Posted on 5/18/16 at 9:07 am to vettegc
Yeah pretty much what everyone else is saying you should be getting 3.625 - 3.75.
Posted on 5/18/16 at 9:29 am to ItNeverRains
quote:
Had a client lock jumbo at 3.625 on a 30, did not buy down.
usbank is stupid cheap on jumbo at the moment.
How much down do they require?
Posted on 5/18/16 at 10:03 am to CoolerTexasTiger
Got a 30 year fixed with 5% down for 3.5
Posted on 5/18/16 at 10:03 am to CoolerTexasTiger
I am about to close at 3.75 through whitney bank (through fannie mae). I locked in about a month ago but since then I have noticed all the internet site rates have continued to drop. I opened my zillow app yesterday and it said 3.4.
I contacted the banker and he said fannie mae wouldn't allow him to change the rate. I just wanted to hear if the 3.4 is legitimate. Thanks
I contacted the banker and he said fannie mae wouldn't allow him to change the rate. I just wanted to hear if the 3.4 is legitimate. Thanks
Posted on 5/18/16 at 10:08 am to vettegc
They can advertise whatever rate and then just throw 1% origination fee on it. It's hard to just get a comparable statement on a rate without knowing the lender fees involved.
Posted on 5/18/16 at 3:48 pm to CoolerTexasTiger
they can do a 80/10/10 (piggy back). if you open an account lender will give 1k towards closing. Thats not buying down, no orig fee. Strongest i've seen at moment, although everyone else within 1/8 1/4.
Money is cheap
Money is cheap
Posted on 5/18/16 at 4:13 pm to vettegc
You can get 3.50% today Conventional my buddy locked his in today with his broker.
Posted on 5/18/16 at 4:16 pm to StanSmith98
I just signed paperwork on my house the other day and I think it was 3.625%.
Posted on 5/18/16 at 4:29 pm to Kill Switch
I refinanced at 720 credit score at 3.625% with no lender fees and ~$200 credit given towards title/escrow fees.
Rates seemed to only have improved
Rates seemed to only have improved
Posted on 5/18/16 at 5:26 pm to GenesChin
Not really you got a great deal. And I think rates will start inching up higher heading towards the fed meeting in June. ( which i think they will decide to raise another 25 bps)
Posted on 5/18/16 at 6:17 pm to HYDRebs
bankrate.com for future reference so you don't have to go to TD for this info
Posted on 5/18/16 at 6:25 pm to TexasTiger34
Closed at 3.625% on a 30 year fixed rate am. In May of 1013.
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