Answers

Anyone know what the best 30 year mortgage rate is NOW?

After the news this morning about the rate cut. I was in the "middle" of a refinance at 5.75%, but I haven't signed any paperwork yet. Of course, the bank (countrywide) is telling me that's still the lowest rate. I find it hard to believe and I'm telling them to hold off. They are trying to hold some $300 app fee over my head. Any ideas?

Best Answer:

I got mine at 5.5% just this morning. My advice go somewhere else that doesnt charge you an application fee. I dont have one and i have a lower interest rate and im bringing nothing to closing. I looked at countrywide when i was shopping around and when they told me about the application fee i was like see ya. I ended up with Prime Lending. They are great and very easy to work with.

Answers:

The Shadow - 2008-01-22 07:56:15
Mortgage rates can vary somwehat by location, so the cheapest one in my city may not be the same as the cheapest one in your city. Go to www.bankrate.com. They list mortgage rates by city so can get a more accurate answer than anyone can give you here.