What are you folks seeing in terms of 30 year conforming rates?

User Forum Topic
Submitted by flu on November 14, 2012 - 1:57pm

Submitted by Blogstar on November 14, 2012 - 6:17pm.

Last Friday I received an email from Absolute mortgage for 2.99% something like 3.11 APR. It was a Friday only offer. I did not do any follow-up.

Submitted by flu on November 14, 2012 - 6:46pm.

Blogstar wrote:
Last Friday I received an email from Absolute mortgage for 2.99% something like 3.11 APR. It was a Friday only offer. I did not do any follow-up.

I got the same one.. I think they kinda have a fluff thing going on there.

Submitted by scaredyclassic on November 14, 2012 - 7:19pm.

3.375 with a few thousand dollar rebate. im trying to finish a ref at that rate now.

Submitted by flu on November 14, 2012 - 7:28pm.

squat250 wrote:
3.375 with a few thousand dollar rebate. im trying to finish a ref at that rate now.

Really? Wow...

Submitted by scaredyclassic on November 14, 2012 - 8:32pm.

30%plus equity

Submitted by flu on November 14, 2012 - 10:50pm.

squat250 wrote:
30%plus equity

Same company you used before?

Submitted by teaboy on November 15, 2012 - 8:25am.

Beware absolutemortgageco.com
I locked my rate with them, paid for appraisal, then they ignored my calls and emails while my lock expired then relocked (without asking or telling me that my lender credit was $3k less even tho market rates were slightly lower than before).

Bunch of bait and switch shysters.
Beware!

tb

Submitted by Ren on November 15, 2012 - 10:41am.

Similar scenarios are repeated over and over again in their reviews. Stay far away.

Submitted by AN on November 15, 2012 - 10:53am.

I use them to price match.

Submitted by teaboy on November 15, 2012 - 11:31am.

AN wrote:
I use them to price match.

AN, who are you able convince to price match them?
Gimme a name/telno!

thanks,
tb

Submitted by AN on November 15, 2012 - 11:46am.

Michael Chen
TFM Financial Services, Inc
Cell: (619) 630-8099
Fax: (858) 437-9889
mchen [dot] tfm [at] gmail [dot] com
8799 Balboa Ave, Suite 155
San Diego, CA 92123

Michael's price is actually better than absolute's, so I didn't need to price match this time.

Sheldon in the past was able to price match absolute.

Submitted by sdduuuude on November 15, 2012 - 11:48am.

Bankrate.com is often helpful.

http://www.bankrate.com/funnel/graph/def...

Try provident funding for good rates on prime loans.

Submitted by scaredyclassic on November 16, 2012 - 8:11am.

flu wrote:
squat250 wrote:
30%plus equity

Same company you used before?

yup. for some reason i trust them. i think they are trying.

Submitted by Daniel on December 6, 2012 - 10:13am.

For no-frills loans (conforming, W2 income, less than 80% LTV, good credit, etc), I suggest www.provident.com. They may or may not have the best rates (I've found a little better elsewhere sometimes), but you can see their actual rates online in 5 seconds, updated throughout the day. They display multiple rate-point scenarios to choose from (the "rate sheet"). Really helpful. For example, right now (12/6, 9am) they show 3.25% with a half point rebate for a plain vanilla $417K loan. I refinanced twice with them, had no problems.

Submitted by Daniel on December 6, 2012 - 10:23am.

PS: the rate I just quoted may sound a bit too good to be true, and it indeed is if one forgets a few things. There are, of course, various title, escrow, appraisal and other fees with a mortgage loan - I'd say about 0.5% of the size of the loan, give or take. So one needs about half a point rebate for a true no-cost loan.

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