# Current Mortgage Rates? **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [December 30, 2014, 6:17am UTC](https://forums.speedlife.net/t/current-mortgage-rates/271364 "2014-12-30T06:17:25Z")\ **Posts on this page:** 11\ **Page:** 2
**Author:** ![02NismoSpecV](https://avatars.discourse-cdn.com/v4/letter/0/74df32/32.png) [@02NismoSpecV](https://forums.speedlife.net/u/02NismoSpecV)\ **Post date:** [December 30, 2014, 10:29am UTC](https://forums.speedlife.net/t/current-mortgage-rates/271364/21 "2014-12-30T10:29:38Z")
update: actually just got off the phone with First Niagara and set up a meeting for Monday…and rates thru them are now 3.875% which is .125 lower than last week lol. ---
**Author:** ![superfan99](https://avatars.discourse-cdn.com/v4/letter/s/96bed5/32.png) [@superfan99](https://forums.speedlife.net/u/superfan99)\ **Post date:** [December 30, 2014, 1:10pm UTC](https://forums.speedlife.net/t/current-mortgage-rates/271364/22 "2014-12-30T13:10:39Z")
Check with a credit union. We ended up getting pretty good rates on both of our mortgages. One’s a 15 year at 3.5 and the other is a 20 year at 3.25 . The rates on the 20yr dropped the day we went in to fill out the paperwork. I could have gone lower if I wanted to pay points or switch to a 15 year. The fees were also lower than First Niagara or Wells. Our house in Buffalo was through Wells(a friend of mine is a broker there), I think that was 3.75 for a 15. ---
**Author:** ![02NismoSpecV](https://avatars.discourse-cdn.com/v4/letter/0/74df32/32.png) [@02NismoSpecV](https://forums.speedlife.net/u/02NismoSpecV)\ **Post date:** [December 31, 2014, 3:24pm UTC](https://forums.speedlife.net/t/current-mortgage-rates/271364/23 "2014-12-31T15:24:14Z")
> [@superfan99](#): > > Check with a credit union. We ended up getting pretty good rates on both of our mortgages. One’s a 15 year at 3.5 and the other is a 20 year at 3.25 . The rates on the 20yr dropped the day we went in to fill out the paperwork. I could have gone lower if I wanted to pay points or switch to a 15 year. The fees were also lower than First Niagara or Wells. > > Our house in Buffalo was through Wells(a friend of mine is a broker there), I think that was 3.75 for a 15. Any suggestions on credit unions? Only ever used one when I had the Cadillac ---
**Author:** ![superfan99](https://avatars.discourse-cdn.com/v4/letter/s/96bed5/32.png) [@superfan99](https://forums.speedlife.net/u/superfan99)\ **Post date:** [January 2, 2015, 7:43am UTC](https://forums.speedlife.net/t/current-mortgage-rates/271364/24 "2015-01-02T07:43:51Z")
That depends on where you’re located. They all have different membership rules. ---
**Author:** ![Jeller](https://avatars.discourse-cdn.com/v4/letter/j/bc8723/32.png) [@Jeller](https://forums.speedlife.net/u/Jeller)\ **Post date:** [January 2, 2015, 11:14am UTC](https://forums.speedlife.net/t/current-mortgage-rates/271364/25 "2015-01-02T11:14:22Z")
> [@02NismoSpecV](#): > > Any suggestions on credit unions? Only ever used one when I had the Cadillac Western Division in Williamsville, it’s only like $5 to join. Used them for many car loans as have others I know. [http://www.westerndivision.org/LoanRates.aspx](http://www.westerndivision.org/LoanRates.aspx) ---
**Author:** ![1QIKZ](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/1qikz/32/6112_2.png) [@1QIKZ](https://forums.speedlife.net/u/1QIKZ)\ **Post date:** [January 2, 2015, 1:42pm UTC](https://forums.speedlife.net/t/current-mortgage-rates/271364/26 "2015-01-02T13:42:04Z")
Meridia in Hamburg. Used them for multiple auto loans are were far and away lower. ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [January 14, 2015, 12:04pm UTC](https://forums.speedlife.net/t/current-mortgage-rates/271364/27 "2015-01-14T12:04:47Z")
3.125 locked up on a 30 year with $2500 closing credit. For anyone shopping looks even lower now. If you have good credit and are shopping don’t be afraid to negotiate your rate! In a two week process I was able to get a local bank from 3.75 to 3.35 and a non local bank from 3.25 to 3.125 and $2500 at closing. ---
**Author:** ![02NismoSpecV](https://avatars.discourse-cdn.com/v4/letter/0/74df32/32.png) [@02NismoSpecV](https://forums.speedlife.net/u/02NismoSpecV)\ **Post date:** [January 15, 2015, 4:03am UTC](https://forums.speedlife.net/t/current-mortgage-rates/271364/28 "2015-01-15T04:03:01Z")
> [@cougarspeed](#): > > 3.125 locked up on a 30 year with $2500 closing credit. For anyone shopping looks even lower now. If you have good credit and are shopping don’t be afraid to negotiate your rate! > > In a two week process I was able to get a local bank from 3.75 to 3.35 and a non local bank from 3.25 to 3.125 and $2500 at closing. were those VA loans? i couldve done 3.75% with a $600 credit but i opted for 3.875% with a $2500 credit instead. i locked in last Thursday 1/8 ---
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [January 15, 2015, 6:16am UTC](https://forums.speedlife.net/t/current-mortgage-rates/271364/29 "2015-01-15T06:16:01Z")
wow, why are rates going down right now, I thought they would slowly be going back up. and who did you negotiate 3.125 fixed with? that’s what I have currently on a 5/5 arm, might consider a refi if the math works. you didn’t buy any points, right? ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [January 15, 2015, 6:45am UTC](https://forums.speedlife.net/t/current-mortgage-rates/271364/30 "2015-01-15T06:45:15Z")
> [@02NismoSpecV](#): > > were those VA loans? > > i couldve done 3.75% with a $600 credit but i opted for 3.875% with a $2500 credit instead. i locked in last Thursday 1/8 Yes it was a VA loan. > [@theblue](#): > > wow, why are rates going down right now, I thought they would slowly be going back up. > > and who did you negotiate 3.125 fixed with? that’s what I have currently on a 5/5 arm, might consider a refi if the math works. you didn’t buy any points, right? I did not buy any points. So far they have been excellent but we will see. > **[Sebonic Financial | Reliable Realtime Reinvented](https://www.sebonic.com/)** > > Sebonic Financial is delivering the home financing you need at the speed you deserve. Find out how we're reinventing the archaic process of home financing. ---
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [January 15, 2015, 6:49am UTC](https://forums.speedlife.net/t/current-mortgage-rates/271364/31 "2015-01-15T06:49:58Z")
cool, they came up when I did my first search. report back if they suck please. [Previous page](https://forums.speedlife.net/t/current-mortgage-rates/271364.md?page=1)