We closed yesterday, what's the locked rate of your 15 yr refi, 30 yr?

[Anonymous]

We were locked at 3.75 over 3 months ago ( or 4.25 for 30 yrs) and our LO said; "it have been just a little up and down but your rate is the same"  I was so confused about that, I checked on the bankrate.com it's more than a quarter dropped compare to 3 months ago.  Loan amount 600K and credit scores above 800's, and no point.  Please share your thought if you can. Thanks

[MarineVietVet]

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@Anonymous wrote:

We are lock at 3.75 over 3 months ago and our LO said it have been just a little up and down but your rate is the same.  I was so confused about that I checked on the bankrate.com it's more than a quarter drop compare to 3 months ago. Please share your thought if you can. thanks

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I did a 15 year refi in 2003 at 4.125%.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[Anonymous]

Thanks for your input

[MarineVietVet]

I need to add that was with 2 points. Are you having to pay any points for that 3.75%?

Never mind. I just re-read you post. 

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[Anonymous]

Wow! 2 points is a lot of money for closing cost. Anybody else refi with what's rate?

[MarineVietVet]

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@Anonymous wrote:

Wow! 2 points is a lot of money for closing cost. Anybody else refi with what's rate?

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It probably would be if we weren't planning on living in a house very long but we've been here 13 years and it's the last house I'll ever buy so it was worth it to me.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[JagerBombs89]

I am in the process of doing the VA Streamline Refinance.  I am getting a 15yr refinance at 4.0% APR with 0 points. 

[vanillabean]

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@Anonymous wrote:

We were lock at 3.75 over 3 months ago ( or 4.25 for 30 yrs) and our LO said; "it have been just a little up and down but your rate is the same"  I was so confused about that, I checked on the bankrate.com it's more than a quarter dropped compare to 3 months ago.  Loan amount 600K and credit scores above 800's, and no point.  Please share your thought if you can. Thanks

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Did you close? If so, when? And if not, why not?

[Anonymous]

It was fully approved last Friday, LO said "it may need 5-8 bussiness days to send to closing agent".  I'm waiting to hear from them. There were many reasons it took so long because, appraiser did a VERY sloppy job and we have to requested for manual review ---> as a result it increased $15,000. And then UW asked us to proof some crazy things.

[BrianB_The_Loan_Professor]

After reading this I wanted to state that when comparing rates it is very important to compare apples to apples

The OPs loan amount is a Jumbo their credit spectatular but they didnt share what program or what their loan to value was/is

All of these things play into the rate - - There are adjustments for all of these and lets face it a 600k loan where the agent makes 1% off the rate is quite different than a loan size of 100k or 200k  so in theory they should get a better rate but because of the Jumbo price adjustment that may be negated

Brian