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re: 30 year mortgage rates.

Posted on 5/18/16 at 9:29 am to
Posted by CoolerTexasTiger
Member since Jul 2009
23 posts
Posted on 5/18/16 at 9:29 am to
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 by tissle
Member since Jul 2009
1955 posts
Posted on 5/18/16 at 10:03 am to
Got a 30 year fixed with 5% down for 3.5
Posted by vettegc
Livingston
Member since Dec 2006
495 posts
Posted on 5/18/16 at 10:03 am to
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
Posted by ItNeverRains
37069
Member since Oct 2007
25577 posts
Posted on 5/18/16 at 3:48 pm to
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
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