I am totally amused by your post, but it wakes me up to the reality of the lack of understanding about mortgage rates..
Rates move like the wind. While PS may have gotten that rate on Weds, he caught a window of opportunity that disappeared within an hour.
That rate isn’t currently available, and if you plan on keeping the loan for 2-3 years or longer, I still think it is completely foolish to get no cost loans.
Poway_seller, what are your closing costs for this loan ? Would you please email me a copy of the Good Faith Estimate for the loan that you mentioned, I’d like to see it with my own eyes.
I’d truly appreciate it.
