PCLU 30 YR rates aren’t anything special.
They are fair market rates.
These rates are those extended to our most creditworthy applicants. (???)
If that was BY FAR THE BEST DEAL, how much better was it than what you had been quoted ??
Someone try to rip you off ?
Rates change every day. Loans still need to be underwritten.
There are fees that need to be covered. You still have to qualify.
Their full no cost/no points rate was 6.75% on Friday.
On a $400K loan, That rate would pay a commission to cover all costs, which is $1000-$1500 more than is needed, so that rate isn’t so great.
The true par rate was 6.125-6.25 for a full doc loan with a score above 660. (Don’t know what their minimum score criteria is)
If you got the advice and service that you needed, then you should be happy. Some people need help and advice on how to structure the submission so it gets approved.
I doubt that the CU employee can accomplish that, if needed.
