Forum Index
»
Off-Topic
recent mortgage rates
![[Post New]](/jforum/templates/default/images/icon_minipost_new.gif){kind=icon}
Anonymous
| anyone buying a house right now? what are you getting for mortgage rates these days? we are looking at about a $500K loan. and yes, I know there are other resources and websites for this, but a quick question can't hurt to know what people are getting. |
Anonymous
| 15 yr fixed 4.25% no points at SECU MD (State Employees Credit Union of MD) |
Anonymous
| We got 4.6% .2pts on a non-jumbo 30 yr recently |
Anonymous
| We close next week, locked 60 days out. $500k at 5 1/8% fixed. No points. |
Anonymous
|
We just locked in a conforming mortgage 30 year fixed at 4.75. CRAZY but since we are getting our ass handed to us on the house we are selling, I guess thank god.
To the OP: We took out a loan under 415K (I think) to get the lowest rates and put some additional on a HELOC that we'll pay off over the next couple of years. |
Anonymous
|
thanks, this is good info. i'm especially interested in 30 year rates, around $500K.
|
Anonymous
| Took out 370K 15 year fixed 4.25% zero points NO escrow. |
Anonymous
| wow, all these people with 15 year mortgages. good for you! |
Anonymous
| We just locked in a rate yesterday. $610K loan. 4.625% with 1 point. 30 year fixed. |
Anonymous
| another 15 year at 4.5% - no points. Loan was under 300K |
Anonymous
| how do the points work? I'm a bit clueless. |
Anonymous
| Wow, didn't know people were still getting rates this low -- although I notice that many of the posters are referring to 15 year mortgages. Hmmm....tempting to refinance to pull out extra money to have for college in a year but I should probably resist that. Better to have separate student loans and not lock all the loans in the house. |
Anonymous
| 4.875% conforming 15 year |
Anonymous
The threshold for a jumbo loan is $417K, so if you're loan is around $500K, expect to pay about a quarter point more. I got a 4.875%, 30 yr fixed, conforming, no points about a month ago. I've heard that interest rates have dropped in the last few weeks, so you might get a better deal now. For the PP asking about points, one point is 1% of your loan amount. You can "buy" a better interest rate by paying points. For example, for a $500K loan, the rate w/o points may be 5.25%. If you pay one point ($5,000), you can get a rate of 5.00% instead. The points are tax deductible, just like mortgage interest. |
Anonymous
|
We got 5% a couple of months back for about $500K, 30 year, conventional (80/20). Amazingly, interest rates have dropped even further, so you should probably do even better than we did. I would lock in if you can.
BTW, we had excellent credit scores in the low 800s and high 700s, and credit scores will determine how good a rate you can get. |