Current Interest rate Environment

[1stimebuy]

I don’t know other banks but I can tell you about SDCCU that I just closed escrow with. Their process seems short & efficient, and the rate is pretty good too.

4.75% on 30 year fixed, no points for me

[HLS]

[email protected]

There are many variables in loan pricing/qualifying including credit score, equity, loan amount, source of income, property type, term, if you are paying off a 2nd OR HELOC or taking cash out and whether or not you have an impound account for taxes insurance.

There is a difference between a no cost loan and a no point loan.
Pricing is subject to change at any time until locked.
Getting a true no cost loan depends on your loan amount. It is a higher rate to get a $100K no cost loan than a $400K no cost loan.

Up to $417K loan amount, at the moment, 30 YR zero cost loans for primary residence houses are between 4.625% and 4.875% 15 YR loans are 4.125-4.25%.

With a cost 15 YR loans are as low as 3.75% and 30 YR as low as 4.25%. ARMS are in the 3’s.

Rental houses with at least 25% equity are as low as 5.00% on 30 YR or 4.375% for 15 YR

THERE IS NO ONE RATE THAT FITS EVERYONE!!!
Not everyone can qualify.. Condos/Townhomes can be more difficult. Pricing could be better or worse tomorrow!… HLS

[HLS]

[email protected]

There are many variables in loan pricing/qualifying including credit score, equity, loan amount, source of income, property type, term, if you are paying off a 2nd OR HELOC or taking cash out and whether or not you have an impound account for taxes insurance.

There is a difference between a no cost loan and a no point loan.
Pricing is subject to change at any time until locked.
Getting a true no cost loan depends on your loan amount. It is a higher rate to get a $100K no cost loan than a $400K no cost loan.

Up to $417K loan amount, at the moment, 30 YR zero cost loans for primary residence houses are between 4.625% and 4.875% 15 YR loans are 4.125-4.25%.

With a cost 15 YR loans are as low as 3.75% and 30 YR as low as 4.25%. ARMS are in the 3’s.

Rental houses with at least 25% equity are as low as 5.00% on 30 YR or 4.375% for 15 YR

THERE IS NO ONE RATE THAT FITS EVERYONE!!!
Not everyone can qualify.. Condos/Townhomes can be more difficult. Pricing could be better or worse tomorrow!… HLS

[HLS]

[email protected]

There are many variables in loan pricing/qualifying including credit score, equity, loan amount, source of income, property type, term, if you are paying off a 2nd OR HELOC or taking cash out and whether or not you have an impound account for taxes insurance.

There is a difference between a no cost loan and a no point loan.
Pricing is subject to change at any time until locked.
Getting a true no cost loan depends on your loan amount. It is a higher rate to get a $100K no cost loan than a $400K no cost loan.

Up to $417K loan amount, at the moment, 30 YR zero cost loans for primary residence houses are between 4.625% and 4.875% 15 YR loans are 4.125-4.25%.

With a cost 15 YR loans are as low as 3.75% and 30 YR as low as 4.25%. ARMS are in the 3’s.

Rental houses with at least 25% equity are as low as 5.00% on 30 YR or 4.375% for 15 YR

THERE IS NO ONE RATE THAT FITS EVERYONE!!!
Not everyone can qualify.. Condos/Townhomes can be more difficult. Pricing could be better or worse tomorrow!… HLS

[HLS]

[email protected]

There are many variables in loan pricing/qualifying including credit score, equity, loan amount, source of income, property type, term, if you are paying off a 2nd OR HELOC or taking cash out and whether or not you have an impound account for taxes insurance.

There is a difference between a no cost loan and a no point loan.
Pricing is subject to change at any time until locked.
Getting a true no cost loan depends on your loan amount. It is a higher rate to get a $100K no cost loan than a $400K no cost loan.

Up to $417K loan amount, at the moment, 30 YR zero cost loans for primary residence houses are between 4.625% and 4.875% 15 YR loans are 4.125-4.25%.

With a cost 15 YR loans are as low as 3.75% and 30 YR as low as 4.25%. ARMS are in the 3’s.

Rental houses with at least 25% equity are as low as 5.00% on 30 YR or 4.375% for 15 YR

THERE IS NO ONE RATE THAT FITS EVERYONE!!!
Not everyone can qualify.. Condos/Townhomes can be more difficult. Pricing could be better or worse tomorrow!… HLS

[HLS]

[email protected]

There are many variables in loan pricing/qualifying including credit score, equity, loan amount, source of income, property type, term, if you are paying off a 2nd OR HELOC or taking cash out and whether or not you have an impound account for taxes insurance.

There is a difference between a no cost loan and a no point loan.
Pricing is subject to change at any time until locked.
Getting a true no cost loan depends on your loan amount. It is a higher rate to get a $100K no cost loan than a $400K no cost loan.

Up to $417K loan amount, at the moment, 30 YR zero cost loans for primary residence houses are between 4.625% and 4.875% 15 YR loans are 4.125-4.25%.

With a cost 15 YR loans are as low as 3.75% and 30 YR as low as 4.25%. ARMS are in the 3’s.

Rental houses with at least 25% equity are as low as 5.00% on 30 YR or 4.375% for 15 YR

THERE IS NO ONE RATE THAT FITS EVERYONE!!!
Not everyone can qualify.. Condos/Townhomes can be more difficult. Pricing could be better or worse tomorrow!… HLS

[donaldduckmoore]

I locked mine about 2 weeks ago at 4.5% no pt no fee for 30 yrs. I thought the rate is around or lower than that I locked because of the bad news in economy. My surprise.

[donaldduckmoore]

I locked mine about 2 weeks ago at 4.5% no pt no fee for 30 yrs. I thought the rate is around or lower than that I locked because of the bad news in economy. My surprise.

[donaldduckmoore]

I locked mine about 2 weeks ago at 4.5% no pt no fee for 30 yrs. I thought the rate is around or lower than that I locked because of the bad news in economy. My surprise.

[donaldduckmoore]

I locked mine about 2 weeks ago at 4.5% no pt no fee for 30 yrs. I thought the rate is around or lower than that I locked because of the bad news in economy. My surprise.

[donaldduckmoore]

I locked mine about 2 weeks ago at 4.5% no pt no fee for 30 yrs. I thought the rate is around or lower than that I locked because of the bad news in economy. My surprise.

[5yearwaiter]

[quote=sdrealtor]I’ll go one better on HLS. I had clients close a $697,500 loan about a month at 5.125% and before they made a payment he was able to refi them down to 4.75% with no costs or penalties to them. I still dont know how he pulled that off but that is amazing. They will save a couple thousand a year for the life of the loan, didnt extend their term and didnt spend a penny to do it. WTF He’s the man![/quote]

HLS, Wow!! great rate then?. If anyone want to take 417K for 30yr fixed what kind of rate is possible these days? Is there any top discounted rates as per today news saying “Mortgage rates record low”.

[5yearwaiter]

[quote=sdrealtor]I’ll go one better on HLS. I had clients close a $697,500 loan about a month at 5.125% and before they made a payment he was able to refi them down to 4.75% with no costs or penalties to them. I still dont know how he pulled that off but that is amazing. They will save a couple thousand a year for the life of the loan, didnt extend their term and didnt spend a penny to do it. WTF He’s the man![/quote]

HLS, Wow!! great rate then?. If anyone want to take 417K for 30yr fixed what kind of rate is possible these days? Is there any top discounted rates as per today news saying “Mortgage rates record low”.

[5yearwaiter]

[quote=sdrealtor]I’ll go one better on HLS. I had clients close a $697,500 loan about a month at 5.125% and before they made a payment he was able to refi them down to 4.75% with no costs or penalties to them. I still dont know how he pulled that off but that is amazing. They will save a couple thousand a year for the life of the loan, didnt extend their term and didnt spend a penny to do it. WTF He’s the man![/quote]

HLS, Wow!! great rate then?. If anyone want to take 417K for 30yr fixed what kind of rate is possible these days? Is there any top discounted rates as per today news saying “Mortgage rates record low”.

[5yearwaiter]

[quote=sdrealtor]I’ll go one better on HLS. I had clients close a $697,500 loan about a month at 5.125% and before they made a payment he was able to refi them down to 4.75% with no costs or penalties to them. I still dont know how he pulled that off but that is amazing. They will save a couple thousand a year for the life of the loan, didnt extend their term and didnt spend a penny to do it. WTF He’s the man![/quote]

HLS, Wow!! great rate then?. If anyone want to take 417K for 30yr fixed what kind of rate is possible these days? Is there any top discounted rates as per today news saying “Mortgage rates record low”.

[Author]

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