Mortgage company will match!

[Deleted]

We already locked in on a rate but it's expiring soon before we're done with our house. So, I started checking around and got quotes from a couple of lenders. We prefer lender A where we have locked in our rates since they give a 0.5 point discount to employees.

We locked in at 3.75% with 0.375 points + 0.5 point credit 3mos ago. When I checked the other day, lender A quoted a higher rate and points. Lender B quoted 3.5% with 0.5 points. I thought it won't hurt to ask although I was a little hesitant and wondering if I should ask lender A to match. I was very surprised and very happy when I was told YES! Woohoo!

We're not ready to lock in yet so hopefully rates will be the same in 2-3 weeks. If so, that would mean

3.5% with 0 points on a 30-yr term

That sounds awesome to me! ;D

[LoveTrains]

I locked 3.5% with no points an 5% down about two weeks ago. 30 year fixed.

[Deleted]

Aug 24, 2012 8:55:43 GMT -5 LoveTrains said:

I locked 3.5% with no points an 5% down about two weeks ago. 30 year fixed.

Congrats! That's awesome! Hope this low rate will continue until we're ready to lock in 3wks.