topic Re: Locked my rate today...DRUMROLL...2.875% in Mortgage Loans

Locked my rate today...DRUMROLL...2.875%

courtney091082 — Mon, 01 Oct 2012 21:46:17 GMT

I'm so excited!! I just got a call from my bank and they locked my rate today: 2.875% for 30 yrs fixed FHA :)

Now only about 100 more things to do I'm sure, but that was fantastic news :)

Re: Locked my rate today...DRUMROLL...2.875%

gbishere — Mon, 01 Oct 2012 22:08:48 GMT

Is that with 30% down?

Re: Locked my rate today...DRUMROLL...2.875%

courtney091082 — Mon, 01 Oct 2012 22:13:32 GMT

It's with 3.5% down ;) just the minimum!

Re: Locked my rate today...DRUMROLL...2.875%

gbishere — Mon, 01 Oct 2012 22:27:52 GMT

what lender?

Re: Locked my rate today...DRUMROLL...2.875%

courtney091082 — Mon, 01 Oct 2012 23:29:16 GMT

I'm in Amarillo TX, as far as I know it's just a local area back called FirstBank Southwest ;)

Re: Locked my rate today...DRUMROLL...2.875%

7ate9 — Mon, 01 Oct 2012 23:37:00 GMT

That is an amazing rate, HUGE congrats to you!!!

Re: Locked my rate today...DRUMROLL...2.875%

courtney091082 — Mon, 01 Oct 2012 23:40:41 GMT

Thanks! My lender was even giggling she said "doesn't that take your breath away" I was sooooo thrilled!!!

Re: Locked my rate today...DRUMROLL...2.875%

Errin1 — Tue, 02 Oct 2012 04:04:14 GMT

:smileysurprised: wow...that rate kicks booty! Congrats!

Re: Locked my rate today...DRUMROLL...2.875%

sharpie — Tue, 02 Oct 2012 04:27:45 GMT

Congratulations! I am about 3-6 months out from having your scores, hopefully the interest rates will not go up before then. Worried about what may happen after the election. (I have read both "nothing" and "everything". So, who knows?)

Re: Locked my rate today...DRUMROLL...2.875%

avv7c0 — Tue, 02 Oct 2012 20:22:07 GMT

That is amazing, congrats. I bit the bullet about a month and a half ago and locked in at 3.375. Was glad I did at the time, because in the weeks that followed, the rate jumped up to 3.45 then 3.525. Was feeling good until the past couple of weeks... now rates are soooo low. Grrrr, oh well, just glad to be closing in a few weeks.

Re: Locked my rate today...DRUMROLL...2.875%

indecison — Tue, 02 Oct 2012 20:54:42 GMT

That is a really good rate! Congrats to you! Darn near free money!

Re: Locked my rate today...DRUMROLL...2.875%

TTR79 — Wed, 03 Oct 2012 04:08:34 GMT

Wow. Excellent rate....good luck.

Re: Locked my rate today...DRUMROLL...2.875%

courtney091082 — Wed, 03 Oct 2012 12:59:18 GMT

Thank you EVERYONE!! I really hope that a lot of others are getting the ball rolling now so they can get the same kind of rate. I'm still so happy I don't think I've stopped smiling since I heard the news :) Just finished signing everything last night, getting everything for underwriting...fingers crossed!!!

Re: Locked my rate today...DRUMROLL...2.875%

Chinadoll — Wed, 03 Oct 2012 14:52:31 GMT

courtney091082 wrote:
I'm so excited!! I just got a call from my bank and they locked my rate today: 2.875% for 30 yrs fixed FHA :)

Now only about 100 more things to do I'm sure, but that was fantastic news :)

Hey Courtney091082! Congratulations. I locked in the same rate 2.875% and closed on my house a month ago with only 3.5% down also. My mortgage is very low for the price of my home :) I locked my rate back in March and was praying it never changed after having to re-lock it 2X because my home wasn't complete (Bought New Construction). Best of Luck to you and I hope you maintain that rate!!!

Re: Locked my rate today...DRUMROLL...2.875%

seemund — Wed, 03 Oct 2012 15:37:46 GMT

That's great!! This is the lowest rate I've seen for 30yrs...

Zillow 30-yr average (10/3 @ 11:30AM EST)

Massachusetts	3.12%
National	3.19%

Re: Locked my rate today...DRUMROLL...2.875%

birjest — Thu, 04 Oct 2012 13:56:18 GMT

Nice, very nice. I closed last month at 3.375%. Rewind to 2005, I closed at 6%. Wow!!!!