rates

Started by anonymous
over 13 years ago
Posts: 8501
Member since: Feb 2006
Discussion about
we were just given a 6.25% mortgage rate. why so high?
Response by anonymous
over 13 years ago
Posts: 8501
Member since: Feb 2006

What size and how long?

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Response by matsonjones
over 13 years ago
Posts: 1183
Member since: Feb 2007

Also, is this for a coop, condo, or house? What location (Manhattan, Long Island, other)? Is this a 30 year fixed, or another type of mortgage? Need more details.....

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Response by anonymous
over 13 years ago
Posts: 8501
Member since: Feb 2006

shop around rate vary widely amongst banks -- sometimes as much as a half a point; rates have actually gone down significantly in the past two weeks, so I would keep looking

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Response by anonymous
over 13 years ago
Posts: 8501
Member since: Feb 2006

Consider usinign a mortgage broker.

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Response by anonymous
over 13 years ago
Posts: 8501
Member since: Feb 2006

5.5% 30-year fixed by Citi-bank offered to those earning less than $55K per annum to which may apply to those with excellent credit.

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