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best 30yr fixed rate

Started by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006
Discussion about
anyone have an idea what the best rates are? or where to look? we got a quote for 5.75%, 30 yr fixed, just wondering how that compares...thanks!
Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

go to bankrate.com and see what others are offering; that rate sounds fairly competitive though . . .

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

5.75% is very good!

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Response by gluck75
almost 19 years ago
Posts: 94
Member since: Jan 2007

That can't be a for a Jumbo. Impossible.

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

what bank? and without points?

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

for a co-op or condo?

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Response by gluck75
almost 19 years ago
Posts: 94
Member since: Jan 2007

How was your credit?

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

I think 6 3/8 is the best you can do today on a Jumbo w/o points.

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

no way . . . bankrate has 6% jumbos from several banks

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

bankrate tends to understate the interest rates. there's even some class action suit about that. most rates will come in a bit higher than that. we just got a jumbo mortgage for 6.25%

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

I was going to say I was wondering if there was any bait and switch with bankrate...

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

for bankrate, the notorious banks include virtual bank, the money store, quicken loans, eloan, and total group. these mortgage broker's rates are false on bankrate. look at their fees compared to local bigtime lenders like citibank, bank of america, hsbc, etc. the high $$$ fees signify points to buy down the rates.

the best mortgage company i've found is in long island, ny. wonderful company with awesome rates.

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

I know mortgage brokers make a lot on their fees. Does anyone know how one can save these fees. Where to go what to due. Thinking on taking out a 500,000 mortgage and having the mortgage brokerage make 10,000 plus is a bit too much for me. Any ideas would be appreciated.

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

broker fees are paid by banks

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

op here, first time buyer,coop in Harlem, broker toldme the rate is special because its in a minority neighborhood
thanks

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

op here , my credit is ok, not great either

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Response by modisto
almost 19 years ago
Posts: 1
Member since: Feb 2007

hello. I am a first time buyer, is it normal that my mortgage broke ask a upfront fee for his service?? he asks 350 first, out of 675. I don't know what industry standard is. Also if you use mortgage broker, do you end up saving money for bank/lender's fee?

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

I found that my mortgage broker nickel and dimed me to death. Check to see if the company you work for has any partnerships with banks that waive a lot of fees.

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

perfect credit...got 6 1/8 last month with Chase...0 points

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

#19 again..30yr fixed

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

#13 If you do not like brokers making money, maybe you can wander from bank to bank checking rates and if your deal falls through because of a small problem with your application, you could always spend a few more months looking for another property.

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