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I just got quoted 2.65% on a 30 yr fixed mortgage

Posted on 8/2/20 at 11:56 am
Posted by LSU in Frisco TX
In the Green
Member since Oct 2006
752 posts
Posted on 8/2/20 at 11:56 am
I used Lending Tree and am getting rates that are a point less than when I called around locally.

Does this sound right to you guys? Or is this likely a bait and switch situation?
Posted by C
Houston
Member since Dec 2007
27824 posts
Posted on 8/2/20 at 12:20 pm to
Not a bait and switch. Lots of offers in this range.
Posted by LSU1018
Baton Rouge
Member since Feb 2007
7222 posts
Posted on 8/2/20 at 12:40 pm to
I heard that rate on Friday locally. Just make sure you are quoting everyone the same day bc the rates change constantly.
Posted by ellesssuuu
Baton Rouge
Member since Mar 2016
2779 posts
Posted on 8/2/20 at 2:04 pm to
Yes with excellent credit and more than 40% equities with no points
Posted by Northwestern tiger
Long Island NY
Member since Oct 2005
23485 posts
Posted on 8/2/20 at 3:05 pm to
How much were the closing costs? Ans how much is the APR?
Posted by LSU in Frisco TX
In the Green
Member since Oct 2006
752 posts
Posted on 8/2/20 at 3:15 pm to
No closing costs, no points, no origination fee.

Quote says 2.65 rate and 2.65 APR.
Posted by Northwestern tiger
Long Island NY
Member since Oct 2005
23485 posts
Posted on 8/2/20 at 3:16 pm to
great deal. i have a quote from rocket mortgage (see below thread). maybe i should check lending tree swell
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
73813 posts
Posted on 8/2/20 at 3:19 pm to
Lending tree is not a lender
They will get to a Rocket Mortgage, Loan Depot. They are a lead aggregator
Those are just ads
Posted by LSU in Frisco TX
In the Green
Member since Oct 2006
752 posts
Posted on 8/2/20 at 3:20 pm to
This was the initial quote after the ‘tell me a little about yourself and your property questions’

So I completed the full application and will get the official lock in soon I suspect. I’ll let you know what it is when all shakes out, but I don’t suspect it will change.

We have approx 35% equity (last appraisal December 2017). Excellent credit. Should be a slam dunk.
Posted by LSU in Frisco TX
In the Green
Member since Oct 2006
752 posts
Posted on 8/2/20 at 3:21 pm to
Yeah, got that. The quote is from Filo Mortgage.
Posted by LSU in Frisco TX
In the Green
Member since Oct 2006
752 posts
Posted on 8/2/20 at 3:22 pm to
I saw yours. 1.99 on a 15 year is just crazy. I can’t believe these rates are real. Love it.
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