For those that bought recently (last 3 months) or for those in contract

skew Posted: Apr 04, 2005 11:52 AM

For those that bought recently (last 3 months) or for those in contract

what type of mortgage did you choose and what is your interest rate?

ETA: we locked @ 5.875% for a 10/1 jumbo ARM w/ a no cost one-time float down option prior to 10 days of closing

meghanmetz Posted: Apr 04, 2005 11:53 AM

Re: For those that bought recently (last 3 months) or for those in contract

5.625 30 year fixed

LuvMyMichael Posted: Apr 04, 2005 12:00 PM

Re: For those that bought recently (last 3 months) or for those in contract

We are hoping to lock in at 6%...... As of Friday the rates were 6.125. So, we will see.

IrishBride-05 Posted: Apr 04, 2005 12:42 PM

Re: For those that bought recently (last 3 months) or for those in contract

We were going for a 30 yr. fixed for 6% with the Credit Union. Now I think we're going to go for a 3/1 ARM at 5% because we intend on refinancing in 3 years and it will be useful to have the lower interest rate now while we're doing the major repairs. There's no charge to lock in and we will get the lowest rate that is available up to 5 days prior to closing.

sophie78 Posted: Apr 04, 2005 12:45 PM

Re: For those that bought recently (last 3 months) or for those in contract

We got a 5/1 ARM at 5.125. No points. We closed in December.

KimberlyBride Posted: Apr 04, 2005 02:51 PM

Re: For those that bought recently (last 3 months) or for those in contract

Closed in January with 5.75% 30 year fixed.

ETA: No points loan

princess99 Posted: Apr 04, 2005 03:15 PM

Re: For those that bought recently (last 3 months) or for those in contract

5.87, fixed 30 years and closed in January.

NPbride Posted: Apr 04, 2005 03:24 PM

Re: For those that bought recently (last 3 months) or for those in contract

Hopefully closing this month. 5% 30 year fixed and we will be paying 1.5 points.

SeptemberBride03 Posted: Apr 04, 2005 03:32 PM

Re: For those that bought recently (last 3 months) or for those in contract

5.75% 5 year arm (planning to close on May 2 - already locked in at that rate)

7706bride Posted: Apr 04, 2005 03:52 PM

Re: For those that bought recently (last 3 months) or for those in contract

We closed in December with a 30yr fixed jumbo loan at 5.5% rate with no points. We also have a HELOC loan that varies from 5.25%-5.75%

littlewilson Posted: Apr 04, 2005 06:01 PM

Re: For those that bought recently (last 3 months) or for those in contract

Just (1.5 weeks ago) got a 5.75% loan with 1/2 point for a 30-yr fixed jumbo with a 90-day lock and one-time float-down. We definitely paid a slight premium for the 90-day lock, but all in all it was a good deal.

dandj Posted: Apr 04, 2005 06:03 PM

Re: For those that bought recently (last 3 months) or for those in contract

closed in february... 5 3/4% fixed 30 years, no points.

Preshy7 Posted: Apr 05, 2005 10:51 AM

Re: For those that bought recently (last 3 months) or for those in contract

Posted by am470

We got a 5/1 ARM at 5.125. No points. We closed in December.

we got the same for 5.250 for march 31 of this year

belle31125 Posted: Apr 05, 2005 03:56 PM

Re: For those that bought recently (last 3 months) or for those in contract

Posted by meghanmetz

5.625 30 year fixed

us too

MrsSchultz Posted: Apr 06, 2005 01:12 PM

Re: For those that bought recently (last 3 months) or for those in contract

We locked in at 5.875% last week for a 30 year fixed, am hoping it doesnt go up at closing, we locked in for 60 days, so in case our closing gets bumped past the estimated date of April 30th, we wont get screwed. We are not paying points.

butterfly20 Posted: Apr 06, 2005 01:18 PM

Re: For those that bought recently (last 3 months) or for those in contract

i went with this company http://homefinanceofamerica.com/todaysrates.html

.... in november we locked in at 5.375, we we signed up with Priceline who then wanted to charge us all these large fees since we were closing 2 months after the one month lock, however the current rate was less than the one we locked in at... Home Finance of America was able to get all the ppwk ready for closing in 1 week....

their current rates are 5.625 fixed rate 30 years 0 points

ThongLori Posted: Apr 06, 2005 07:03 PM

Re: For those that bought recently (last 3 months) or for those in contract

Posted by skew

what type of mortgage did you choose and what is your interest rate?

ETA: we locked @ 5.875% for a 10/1 jumbo ARM w/ a no cost one-time float down option prior to 10 days of closing

we got the exact same mortgage at the same rate! not the float down thing tho...