Posted by Claudine Osborne on 7/26/10 11:31am
Msg #346285

3.5%

Good Afternoon! There was a discussion the other day that NSAs were reporting seeing 3.5% rates..Can you tell me from whom these rates are coming from? Thank you for your help!

Reply by Shoshana/AZ on 7/26/10 11:57am
Msg #346288

Most likely, it is an ARM. n/m

Reply by CopperheadVA on 7/26/10 12:05pm
Msg #346290

The ones I've seen have been from Mortgage Investor's Corp - fixed at 3.5% for three years, then adj 1% up or down per year. Min interest rate is 2.5%, max interest rate is 8.5%

Reply by Cari on 7/26/10 12:41pm
Msg #346296

refi's... n/m

Reply by Gavina Franklin on 7/26/10 12:47pm
Msg #346298

15 years fixed @ 3.875% Wells Fargo n/m

Reply by MW/VA on 7/26/10 12:54pm
Msg #346300

I've only seen the lowest rates on ARM's. Also, keep in mind that you can usually buy-down a rate with points.

Reply by Michelle/AL on 7/26/10 2:00pm
Msg #346309

Claudine, I honestly don't remember off the top of my head.

After EOM I'll check and see if they were e-docs. If so, I still have a copy of the docs and can tell you the name of the lender. If they were overnight docs then you're out of luck. My memory just isn't as good as it used to be.

Reply by Ali/IL on 7/26/10 3:14pm
Msg #346329

Re: Claudine, I honestly don't remember off the top of my head.

I had one two weeks ago lender was a credit union. Fifteen year mortgage.

Reply by Claudine Osborne on 7/26/10 4:38pm
Msg #346346

Re: Claudine, I honestly don't remember off the top of my head.

Thanks everyone..I appreciate the info..

Reply by Pamela Hoyle on 7/27/10 5:38pm
Msg #346477

3.875% 15 yr fixed...USAA