Given the current market lending conditions are these fair rates from the lender? Or am I being fleeced?
I have 0 down payment & score of 680. House is $270K. These rates were quoted to me on Thursday.
30yr fixed: 7% and $216 PMI
30yr fixed: 7.5% and $133 PMI
30yr IO fixed: 7.875% and $133 PMI
I see things online for like 6.5% or less but I don't know if it is having zero down and/or my score & past BK that are giving me the higher rate. I asked if my score was 700 would the rate go down and she said no.