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SDVTiger
Hawaii Fan
Cabo San Lucas
Member since Nov 2011
48381 posts

re: Current Mortgage Rates
quote:

That’s prepaid, escrow and all fees.


You are paying about 3.5% total so no that's not some extreme amount on your size loan amount

Especially with that rate


ellesssuuu
Baton Rouge
Member since Mar 2016
1364 posts
 Online 

re: Current Mortgage Rates
What state is the property in?


Rize
Texas Fan
Baton Rouge
Member since Sep 2011
10579 posts

re: Current Mortgage Rates
Louisiana Baton Rouge


WeAreBR
Member since Oct 2020
32 posts

re: Current Mortgage Rates
Do you want to see today's rates? If so, just need your estimated credit score


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ellesssuuu
Baton Rouge
Member since Mar 2016
1364 posts
 Online 

re: Current Mortgage Rates
For those who have tried to get a hold of me this week, I came down with Covid and working as quickly as possible.


hawkeye007
LSU Fan
Member since Feb 2010
4639 posts

re: Current Mortgage Rates
hope you feeling better man.


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WeAreBR
Member since Oct 2020
32 posts

re: Current Mortgage Rates
Alert to Lock - With bond rates going up, it is industry recommendation to lock today


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craynagin
LSU Fan
North Louisiana
Member since Dec 2006
322 posts

re: Current Mortgage Rates
Doing groundwork on a refi... 30 year... $170k... appraised for $415k in May, credit scores in high 700s.

Located in NE LA.

Quote 1 was for 2.75%, no origination fee; 2.5% for 1% origination fee.

Quote 2 was for 2.625%, no origination fee; 2.5% for 0.5% origination fee.

These quotes seem pretty much in ballpark... wondering if there's anything better out there. Figured you guys would know.


WeAreBR
Member since Oct 2020
32 posts

re: Current Mortgage Rates
Today I am pulling with the scenario you gave, 2.5% with monthly payments of $672. That does not include closing costs or escrows.

If you wanted to include that so you would not need to come to the closing table with case, add an estimated $10k to bring the loan amount to $180k. You would have the same rate with a monthly payment of $711.

20 year is 2.5% with $954 payments

I can pull more scenarios if you are interested





tigersnipen
LSU Fan
Member since Dec 2006
2035 posts

re: Current Mortgage Rates
Hey if you could pull a quick rate 15 and 30, Looking to Refinance ~$230k house worth ~$350k. Credit score is ~ 825.

Current terms is 30 yr @ 3.5 with about 21 years left.


WeAreBR
Member since Oct 2020
32 posts

re: Current Mortgage Rates
Hey!

Today with the scenario information you gave me:

30 year: 2.5% for $909 monthly payment. Not including escrow or closing costs

15 year: 2.125% for $1493 monthly payment. Not including escrow or closing costs




tigersnipen
LSU Fan
Member since Dec 2006
2035 posts

re: Current Mortgage Rates
quote:

Hey!

Today with the scenario information you gave me:

30 year: 2.5% for $909 monthly payment. Not including escrow or closing costs

15 year: 2.125% for $1493 monthly payment. Not including escrow or closing costs


Thank you! what is a ball park estimate for closing costs for these rates?


WeAreBR
Member since Oct 2020
32 posts

re: Current Mortgage Rates
Many people are putting a year of escrow because theirs expire at the end of 2020. With a year of homeowners insurance and taxes, Id say about $6500 in fees and an additional $850 if you need appraisal and survey

I can send you a breakdown if you want more specifics


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20
jcaz
US Space Force Fan
Laffy
Member since Aug 2014
7296 posts

re: Current Mortgage Rates
In early November our LE was quoting 2.25% on a 30 year fixed RD loan. We got 30 days out (lender minimum for lock) and I messaged and called our loan officer for the lock multiple days with no response. Today, they finally get around to calling me and apparently the rate has gone up to 2.75%. What gives? Is this BS that they dragged arse on locking a lower rate for me? Or can the LE legally have a teaser rate and a week later they jack the rate up? Too late to switch lenders.... just wanna know if I should confront them about the delay.


Dale Gribble
USA Fan
Member since Aug 2014
151 posts

re: Current Mortgage Rates
Anybody used Costco for a mortgage? Under contract to buy a house in Nola now and my realtor is recommending Eustis Mortgage for financing and Crescent Title for closing. Pretty sure Eustis will give me a good rate but didn’t know if I should look at Costco or elsewhere to save on closing costs. TIA!


Ancient Astronaut
Ole Miss Fan
Louisiana
Member since May 2015
19912 posts

re: Current Mortgage Rates
I got 2.8 on 30 year last week with 3% down.
This post was edited on 11/15 at 11:01 pm


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WeAreBR
Member since Oct 2020
32 posts

re: Current Mortgage Rates
I use a system that compares all the title companies in whatever search area if you want to see the differences. It is usually a couple of $100. I am not sure about Costcos services but I always recommend people stay local so they can get answers and typically better customer service.


CidCock
USA Fan
Member since Sep 2007
Member since Feb 2011
8352 posts

re: Current Mortgage Rates
quote:

WeAreBR


are you a lender? If so, are you licensed in SC? I've been shopping around and got quoted at 2.625% for 20 years last week, 2.75 for 30 and only like 2.5 for 15....so I haven't been enticed.

Currently at 3.38% 30 years.


WeAreBR
Member since Oct 2020
32 posts

re: Current Mortgage Rates
I am a lender in Louisiana and I am not licensed in South Caroline. However I recommend Donna - She is the best and can give you some strong quotes

LINK


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10
ellesssuuu
Baton Rouge
Member since Mar 2016
1364 posts
 Online 

re: Current Mortgage Rates
I am back working now feeling better so if anyone needs scenarios run let me know. Rates and pricing have improved today.


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