Mortgage Rate Question

Started by Stefanie

over 16 years ago

Posts: 35

Member since: Jul 2007

Discussion about

Question for anyone that has been calling around for mortage rates. Husband and I have excellent credit wanted to see what kind of rate we could get for 30 yr fixed 600K mortgage on a non-new construction condo. Aside from the bank my husband works for, all others were quoting very high rates - basically giving us their posted non conforming rate of 7.5%, certainly nothing near what is being posted on their websites for the nyc market. Any tips or similar issues out there? Are banks lending at ~5% here?

Response by RE2009

over 16 years ago

Posts: 474

Member since: Apr 2009

i used everbank in dec... 5.5% and the mortgage was more then 600k

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Response by shong

over 16 years ago

Posts: 616

Member since: Apr 2008

stefanie - you can certainly get a rate in the 5% range for a 30 year fixed depending on loan to value and credit. Is this for a purchase? If so, what is the purchase price or value of the home? Please feel free to email me at sunny.hong@bankofamerica.com

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Response by Stefanie

over 16 years ago

Posts: 35

Member since: Jul 2007

Thanks, we'll give everbank a call.

Sunny, I'll have my husband contact you since he handles the money and I handle the hunting! We should definitely be well qualified for this mortgage given credit, income, liquidity, etc.

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Response by Splot

over 16 years ago

Posts: 35

Member since: Apr 2009

I've been seeing 4-7/8% with one point for a refi for a jumbo agency 30 year fixed.

Mortgage Rate Question

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