Monday, February 18, 2013

Locked and Loaded

We locked our rate today at 3.75%.  Not the best rate in the recent past, but historically it's excellent.  Just goes to show where rates are going now-a-days.  We accepted it, in part, because of the very real risk that FHA rates are going to be going up soon.  We had initially gotten our quote at 3.5% which a bunch more in lender credit, but it is what it is.  That's one less thing we have to worry about and one step closer to closing.

I am  a little upset, though because it was supposed to be communicated to our lender two weeks ago after our pre-dry wall meeting that we should start looking at rate quotes and that message was missed.  Rates were a tad lower then.

Oh well.  Can't be bitter.  Have to enjoy the process for what it is and be excited for our new home!

3 comments:

  1. Congrats on locking your rate.

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  2. Congrats! I'm sorry you didn't lock in where you were really wanting, but 3.75% is still pretty good. I think that's what we are hoping for when it comes time.

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