This thread is to list Lenders & Rates that people on FW have dealt with and have had good experiences and are considered "Reputable". I urge the FW community to update the WIKI as I will try to keep the first post updated to the best of my ability. Again include in the Wiki post the latest rates from REPUTABLE lenders and not some flyby companies.
30 Year Fixed best rates (To get advertised rates assume: Good Credit (720+), Stable jobs, 80% Maximum LTV):
To enter a coupon code in your post please enter the following info:
Coupon Code:
Coupon Offer:
Merchant:
Expires (optional):
Restrictions (optional):
saving...
Save on Title Insurance, use www.closing.com. Get a quote and most likely your title company will match it. Also try EntitleDirect also, they may be able to save you up to a THOUSAND dollars on title insurance and closing services, but they don't serve all states.
---------------------------------------------------- Want to find out if you need to Refi?
"Typically it is an inverse relationship: when the MBS market is positive, that is good for rates (meaning they could drop with sustained positive movement in the MBS market). The same the other way -- sustained negative movement in the MBS market could lead to rates worsening (going up).
Just because the MBS market was 6/32 today, does not mean rates will drop .250%.....although I do wish it were that easy.........." ----------------------------------------------------
Wholesale Rates for Comparison to Retail Offerings Here
30yr, Conventional, No Points 12/06/2007 5.625% at www.madrate.com 12/03/2007 5.75% at www.pricelinemortgage.com direct link (rate is for negative .5 points) 12/07/2007 6.00% at www.madrate.com 12/06/2007 6.125% www.penfed.org 12/07/2007 6.25% www.penfed.org 12/13/2007 6.25% www.penfed.org 12/18/2007 6.375% www.penfed.org 01/15/2008 5.875% www.penfed.org Fixed Conventional Mortgage Loans 01/23/2008 5.5% at www.penfed.org, 5.375% at www.madrate.com, 5.125% at www.mtgcapital.com 01/30/2008 6.0% at www.penfed.org 01/31/2008 5.875% at www.penfed.org 01/05/2008 5.5% at http://www.madrate.com (60 days lock) 01/05/2008 5.375% at http://www.madrate.com (45 days lock) 02/28/2008 6.0% at www.penfed.org 03/19/2008 5.75% at www.madrate.com 04/17/2008 6.375% at www.penfed.org 04/17/2008 5.75% at www.madrate.com (still) 05/01/2008 5.625% at www.WAMU.com 05/01/2008 5.875% at https://www.wellsfargo.com/mortgage/rates/ 06/19/2008 6.200% at www.madrate.com 06/19/2008 6.375% at www.WAMU.com 08/27/2008 6.0% at www.penfed.org 09/09/2008 5.5% at www.navyfcu.org 12/12/2008 5.5% at www.penfed.org 12/13/2008 5.0% at www.rwsmortgage.com call broker at 203-715-4661 to get the rate 12/16/2008 5.375% at www.penfed.org 12/18/2008 5.125% at www.penfed.org 01/06/2009 5.5% at www.penfed.org 01/08/2009 4.625% w/.25pts www.huntington.com 01/08/2009 4.75% www.wellsfargo.com/mortgage/rates/ 01/08/2009 4.625% Wachovia 0 points .750 org $495 (processing bs fee) 02/11/2009 4.625% www.EverBank .com 03/19/2009 4.625% at Virgin Money USA 04/02/2009 4.750% https://sites.wachovia.com/mortgage/rates.html 05/08/2009 4.750% www.EverBank .com 06/26/2009 5.000% w/ 0.625% orgination Primary Capital
ARMs, 5/5, No Points 12/06/2007 5.5% (jumbo is the same) 12/13/2007 5.625% (jumbo is the same) 01/09/2008 5.125% at www.penfed.org (jumbo is the same) 01/15/2008 5.0% at www.penfed.org 02/10/2009 4.625% at www.penfed.org 04/08/2009 4.50% at www.penfed.org 05/22/2009 4.625% at www.penfed.org 06/03/2009 4.875% at www.penfed.org 10/01/2009 4.500% at www.penfed.org
5/5 ARM Calculator (Many calculators will not accept an adjustment period more than 36 months. -khtc)
30 yr, Jumbo, No points 12/07/2007 6.375% at www.penfed.org 12/11/2007 6.5% at www.penfed.org 12/13/2007 6.375% at www.penfed.org 12/14/2007 6.75% at www.madrate.com 12/14/2007 7.00% at www.wellsfargo.com 12/14/2007 6.5% at www.penfed.org 01/07/2008 6.125% at www.penfed.org 01/08/2008 6.0% at www.penfed.org 01/15/2008 6.125% at www.penfed.org 01/22/2008 6.0% at www.penfed.org 01/23/2008 5.75% at www.penfed.org 01/30/2008 6.625 at www.penfed.org 01/31/2008 6.5% at www.penfed.org 02/28/2008 6.0% at www.penfed.org 05/27/2008 6.125% at www.penfed.org 09/09/2008 5.5% at www.navyfcu.org 12/10/2008 5.375% at wellsfargo.com (through broker) 12/12/2008 5.75% at www.penfed.org 12/17/2008 4.625% at indymac.com (0.375 rebate)
30yr, FHA, No Points 3/12/2009 4.875% at http://www.wachovia.com/mortgage/rates.html 3/20/2009 4.5% ( .25% points) at http://www.wachovia.com/mortgage/rates.html
Message edited by: SlimTim on 2010-01-22 12:24:25 CST
DavidScubadiver said:That's a non-jumbo rate 5.5 at madrate. Jumbo rate is 6.75.Actually, this makes me wonder... although I have a jumbo at 5.5, I am only 20,000 away from being a conventional mortgage. I suppose I may be able to qualify for a lower rate just by virtue of being a conforming loan. Should a conforming rate ever go below 5.5, I'll have to consider prepaying.
Personally, I wouldn't mind seeing some jumbo rates included as well. I added the PenFed rate. Have people worked with them before? How are the closing costs?
DavidScuba, how did you find such a great rate for a jumbo?
ELOAN assumes 33% down. roflol. Most buyers are lucky to scratch 20% together.
I applied for a 30 year fixed loan through mtgcapital.com for 5.875%. We should close within two weeks. MTG was the best i found without a bloated loan origination fee. MTG rocks.
LoansAtWholesale.com today has 5.625 for conventional 30 year fixed with -.25 points. Lender fees total $1449 (all 800 items on GFE).
Their rate/points details have been fluctuating every day. I submitted an app over the weekend and don't think they've contacted me yet (was traveling yesterday, may have missed them).
SlimTim said:LoansAtWholesale.com today has 5.625 for conventional 30 year fixed with -.25 points. Lender fees total $1449 (all 800 items on GFE).
Their rate/points details have been fluctuating every day. I submitted an app over the weekend and don't think they've contacted me yet (was traveling yesterday, may have missed them). Apparently they don't do loans for California.
It was a few months back, but I did a contruction mortgage with zero to close (about $7k in closing becuase I bought points during construction) that converted to a conventional 30 year fixed at 5.87 %. I had to do an 80/10 for it, with the 10 being at 7.5% and a 15 year balloon.
zaky101 said:Do you guys think its good time to refinance ?
Currently i have an 5yr ARM(5.75%) going to reset in Mar,2010. I want to refinance that to a 30 year fixed.
I would wait to see exactly what the shakeout is with the fed bailout plan. Might not reset afterall - but I have only read headlines - not sure who it applies to.
Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.
