This is off topic, but we just got agreement from a seller on the house we're buying. And we locked in a 4.375% interest rate on a 30 year fixed mortage today, which is unreal. Given the fed cuts yesterday, I suppose the going rates might drop even lower. But these are historic numbers and so I feel pretty good about locking them in.Anyway, in playing with numbers over the past few weeks, I've made heavy use of Karl's Mortgage Calculator. There are more options, which might mean it seems less user-friendly than some of the others. But for our purposes, it's been terrific. Thought I'd pass it on.
Would you mind sharing where you got that rate from and/or how you found it?
ReplyDeleteWe got the rate through our local countrywide agent and paid a half point (without points the rate was 4.5%). Apparently the rate was only available for a half-day. By the end of that day it was back to 5% without points, and was staying there a few days later. Our agent knew we were rate shopping and when this rate popped up she called us and we jumped on it. We're pretty excited to get it. -j
ReplyDeleteThat's awesome. Congrats on the move and getting an incredible rate. I really enjoy your blog - keep up the great work!
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