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re: mortgage interest rates

Posted on 3/2/20 at 12:31 pm to
Posted by The Bruce
Member since Dec 2013
951 posts
Posted on 3/2/20 at 12:31 pm to
Got 3.25% if lock in today. Would it be best to float the market and wait for lower interest rate?
Posted by hawkeye007
Member since Feb 2010
5915 posts
Posted on 3/2/20 at 5:24 pm to
do not float these rates at this time. every customer is different the biggest rate mover besides credit score is LTV. So the best rates i quoted this morning the customer had 780 credit on a 60% LTV with a 350k loan amount. 2.5% was the 15yr and 3.0% was the 30yr. The average right now should be 3.25% on the 30yr and 2.75% on the 15yr.

Good luck everyone hammer those quotes!
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