With your excellent FICO scores (and congratulations on your awesome efforts to raise your scores from 590 territory!), you will easily be able to jump into a fixed 30 at 6.3%, or even LOWER. I would wait till next week to see how much of a Fed rate cut happens on Tuesday (more than likely, only 25 basis points, but maybe 50). If you can also pay a point on your mortgage, I would to get your interest rate even below 6%. Next week will be very interesting, but you are definitely sitting in the catbird seat (so long as you're doing a fully documented mortgage). If I were you, I might also look into discussing doing business with a credit union too, since you may get the best possible rates from them, as opposed to your bank or mortgage broker. **bleep** luck and way to go!
