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Reply to "Buying a second home without selling the first"
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[quote=Anonymous]18:40 here. Sorry OP I just saw your follow up question. Our rate is/was 5% fixed for a house we bought in 2003 (the first one). House was a foreclosure, $171K Our rate is 4.75% fixed for the second house. Jumbo loan, $500K. The hardest thing for me was that the rate was 3.5% quoted when we went under contract on the house but by the time it was built the rate had hiked up an entire freaking point. UGH. [/quote]
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