Mortgage Rates

[Brad J]

Why is the 15 year rate higher? The 15 year rate is usually 3/8s or so lower... If one of them gets close to 4% we'll do this again. If not, we'll stay where we are.

That's strange I wouldn't blame you for staying if your at a low rate already and seeing if they will go lower. The time was right for us.

 

[Shawn]

I locked at 4.5 yesterday.

 

[waynehartwig]

I locked at 4.5 yesterday.

15 or 30 and where at?

 

[Shawn]

15 or 30 and where at?

30 afc

 

[mbryson]

30 afc

America First?

 

[jsudar]

I just got locked in at 4.625% for a 30 year. Fees were around $4k, I think. Can't remember with what bank-- only my wife knows. It'll drop our payment $200 a month. Unfortunately, that does not equate to $200 a month toward the Blazer build.

 

[Shawn]

America First?

yes.

 

[rockreligious]

I suppose you guys are locking "fixed" I need to get in.

 

[waynehartwig]

Hhhhmmmm I doubt, it, but I wonder if AFC will run our home loan?

 

[Shawn]

Hhhhmmmm I doubt, it, but I wonder if AFC will run our home loan?

I'm fixed at 30 with 4.5.

 

[Cody]

nice. man, I wish it was practical for me to re-fi right now. Since I'm planning on trying to sell in the spring I don't think it makes much sense.

 

[Caleb]

Hhhhmmmm I doubt, it, but I wonder if AFC will run our home loan?

Nope, you have to be a member and to be a member you have to be a resident of Utah or Nevada.

 

[waynehartwig]

Nope, you have to be a member and to be a member you have to be a resident of Utah or Nevada.

Not true. I am a member, live in WA and they just bought out the lease on my Rubicon last April knowing full well I lived and garaged the thing in WA.

 

[Caleb]

Not true. I am a member, live in WA and they just bought out the lease on my Rubicon last April knowing full well I lived and garaged the thing in WA.

http://www.americafirst.com/membership/membership_eligibility.cfm

 

[PolarXJ]

I'm fixed at 30 with 4.5.

Did you have to buy points to get that rate.

 

[Shawn]

Did you have to buy points to get that rate.

Yep .25 point for $1,500.00. Small price to pay for the amount I will save in the long run. I have no intentions of ever selling so it will benefit me well.

 

[Shawn]

I must add, I was going to hold out and see if the rate would fall without buying points, I just felt that the cost out weighed the stress involved in the day to day watching the rates go up and down. Now I'm set and good to go no stress.

ps, I pocketed $250.00 per month

 

[Jinx]

how was AFCU's underwriting process? I hear they can be a pain.

 

[waynehartwig]

http://www.americafirst.com/membership/membership_eligibility.cfm

if you want... Truth is I am a WA resident and have multiple loans with them. I'm also a member of another CU in UT - both business and personal. So between my wife and I we have 5? CU accounts between American First and America First.

 

[waynehartwig]

I must add, I was going to hold out and see if the rate would fall without buying points, I just felt that the cost out weighed the stress involved in the day to day watching the rates go up and down. Now I'm set and good to go no stress.

ps, I pocketed $250.00 per month

Now that's what I'm talking about!!! I've gotta start looking at doing the 15 year thing during the holidays.... Gota gota gota...