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!


  1. Congrats on locking your rate.

  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.