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home buying intrest rate...

Old 03-08-2009, 07:07 AM
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Default home buying intrest rate...

Putting together a spreadsheet to calculate monthly mortgage payments for a new home, and was wondering if you guys had a close idea about what type of percentage rate are giving banks now a days for people with excellent credit.

Somebody told me 6% but I know that thats too much.... have you find any good deal lately??? if so...with which bank???

thanks in advance....
Old 03-08-2009, 08:42 AM
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in the same process myself, been seing rates below 5.5, as low as 5.17 last week.
Old 03-08-2009, 08:52 AM
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the lowest good faith estimate I got, was 5.375... but that was without "running" my credit. Just did my tax return and send it to the broker to get a better estimate...
Old 03-08-2009, 08:53 AM
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I would hope that something comes out of the stim pack on % to stimulate home buying
Old 03-08-2009, 09:48 AM
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about a month ago i locked in at 4.75% with no points on a 30 year fixed refi.
Old 03-08-2009, 09:56 AM
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"about a month ago i locked in at 4.75% with no points on a 30 year fixed refi."


jeffro22, where did you find that rate. I would be interested.
Old 03-08-2009, 10:00 AM
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locked in a rate last week 5.14 with 1% down
Old 03-08-2009, 10:10 AM
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Originally Posted by knowhowiroll View Post
"about a month ago i locked in at 4.75% with no points on a 30 year fixed refi."


jeffro22, where did you find that rate. I would be interested.
same here!!! where did you find that???
Old 03-08-2009, 10:11 AM
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Originally Posted by ladyjane View Post
locked in a rate last week 5.14 with 1% down
5.14 it's not bad either
Old 03-08-2009, 10:12 AM
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I don't know what banks they are using, but quite a few of the local brokers are on the radio every five minutes touting 5.0% to 5.25% 30 year fixed with no points.

Some of them say they cover the cost of the appraisal too.
Old 03-08-2009, 11:14 AM
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I got 4.625% with 1 point a couple weeks ago, 60 day lock, the company is http://www.mfsinc.com/
They are legit, I have been doing bussiness with them for about 7 years.
Old 03-08-2009, 11:18 AM
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On Baltimore radio they are advertising 4.75 refi's. As much as I have heard the commercial you would think I would remember who it was, but I don't. I keep an ear out for it again.
Old 03-08-2009, 08:29 PM
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In process of refinancing beach house with major bank. 30 year conforming, 4.875 with 0.5 points. Email me if you want contact information. tarnold@nc.rr.com
Old 03-08-2009, 08:34 PM
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Sh!t, just buy whatever you want at 10%, we'll bail you out!
Old 03-08-2009, 08:46 PM
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Originally Posted by tarnold View Post
In process of refinancing beach house with major bank. 30 year conforming, 4.875 with 0.5 points. Email me if you want contact information. tarnold@nc.rr.com
email sent.
Old 03-08-2009, 09:10 PM
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Sonoma county bank 4.75 @ 2.125 pts with fico 800+
Old 03-09-2009, 03:36 AM
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Just refinanced @ 4.6% with 1 point. (15 Year Rate)

The 30 year rate was 4.8%.

SC and GA bank.
Old 03-09-2009, 04:21 AM
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30 year fixed, 5.075%

http://www.phhmortgage.com/home/land...Home&cid=13571
Old 03-17-2009, 08:47 AM
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sorry for the late reply. I got my rate from Chase but it has been over a month and a half now. I think it is closer to 5% now. Back in december, a bank here had 4.35%, but it only lasted for a couple of hours. One of my good friends got locked in before it jumped again
Old 03-17-2009, 09:03 AM
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It seems that the best I'm getting around my area (south FL) it's 5 1/8.
Apparently second home does not get rates as good as first homes.

If anybody know of anything better, please let me know, since I have not closed the deal yet...

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