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Message
Should I be satisfied with 4.125% for Conventional 30yr Fixed ?
Posted on 2/14/12 at 11:53 am
Posted on 2/14/12 at 11:53 am
That is the rate I was quoted from both Chase and Wells Fargo through Pre-approval for a $250,000 loan. FHA rate was 3.75%
My median credit score they used was 800. I know this is a good score, which is why I was expecting a lower rate.
I am considering more shopping around, but wanted some input from others on the 4.125%.
My median credit score they used was 800. I know this is a good score, which is why I was expecting a lower rate.
I am considering more shopping around, but wanted some input from others on the 4.125%.
5
Posted on 2/14/12 at 11:55 am to Dan
quote:maybe you should shop a bit moar.
My median credit score they used was 800.
Posted on 2/14/12 at 12:36 pm to Dan
quote:
I am considering more shopping around, but wanted some input from others on the 4.125%.
Unless rates have gone up over the last few months, I think you can do better.
Posted on 2/14/12 at 12:38 pm to CoolHand
quote:
Unless rates have gone up over the last few months, I think you can do better.
Depends on income and how much debt he currently has.
Posted on 2/14/12 at 12:42 pm to I Love Bama
that is not a bad rate- you may could do better but don't get greedy
Posted on 2/14/12 at 2:45 pm to I Love Bama
quote:
Depends on income and how much debt he currently has.
oh ok. I thought that income and debt were used only to decide the total amount that they were comfortable loaning to me. I didn't realize that more than just your credit history determined the interest rate.
Posted on 2/14/12 at 4:24 pm to Dan
closed 3 weeks ago @ 3.65% with Chase. I was satisfied with that.
Posted on 2/14/12 at 7:10 pm to Dan
quote:
That is the rate I was quoted from both Chase and Wells Fargo through Pre-approval for a $250,000 loan. FHA rate was 3.75%
My median credit score they used was 800. I know this is a good score, which is why I was expecting a lower rate.
I am considering more shopping around, but wanted some input from others on the 4.125%
You can bet better than that.
Here is where rates are for today, it can change daily. Note, most rates has a cost or credit associated with them. todays rates
Posted on 2/15/12 at 11:58 am to Dan
I'm closing on my house next week. 30 year conventional @ 3.875%. Keep shopping.
Posted on 2/15/12 at 12:16 pm to Dan
Not a bad rate
Posted on 2/15/12 at 12:23 pm to I Love Bama
quote:
Depends on income and how much debt he currently has.
Bingo.
I imagine this guy is spreading himself a little too thin and the models are putting him at a higher likelihood of default.
With interest rates as low as they are now, people should just get a 15 year mortgage on the house that they could have afforded a 30 year mortgae on if interest rates were 6.5-7.0% and be happy, IMO.
I think 30 year mortgages are almost always a sign of someone spreading themselves too thin.
Posted on 2/15/12 at 12:34 pm to 756
quote:
that is not a bad rate- you may could do better but don't get greedy
What?
Posted on 2/15/12 at 1:43 pm to novabill
quote:
novabill
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