is the rate I am getting pretty good?

sorry and 10% down, new contruction

With 10% down it's pretty good. You may be able to get 6.125 but that's not a huge difference.
You are lucky that you are getting the mortgage with 10%.

If you can wait, there will be some bail out incentive mortgages available for 1st time buyers. They go as low as 4.75% - 30 yr fixed - conforming - 0 points - 75 day lock period.

ino , is this something new that got published? I know about the $7500 interest free loan for first time home buyers but not a mortgage rate incentive.

tbshkan, you just made inoeverything's night. His/her posts are for entertainment purposes only.

Is that speculation, inoeverything? Where did you hear that?

thshkan
i think you are getting an excellent rate -- could you please share who is offering it and the amount of the loan -- please message me
thanks

as of Friday's close, 6.125 with no fees on a 60 day lock, i would go in and price greater time, but pricing won't update untill Monday morning when the bond market re-opens. Will provide GFE and TIL, Daniel 646.419.4192. daniel.ledven@stanleycapital.com

Thats a good rate if there are no points/origination fees.

Until Monday morning's price change, we are offering 6.125% with 0 points on a 120 day lock with a free float down option if rates drop. Must be for new construction. If rates drop then you have a one time option to float down. Or 6% for a 60 day lock. Depending on the building, we may have added incentives. sunny_hong@countrywide.com

joe davis - sure - whats your email address?