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.
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
That depends on where you’re located. They all have different membership rules.
Western Division in Williamsville, it’s only like $5 to join. Used them for many car loans as have others I know.
Meridia in Hamburg. Used them for multiple auto loans are were far and away lower.
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
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?
Yes it was a VA loan.
I did not buy any points. So far they have been excellent but we will see.
cool, they came up when I did my first search. report back if they suck please.