We have locked a Mortgage loan at 5.75% with 0 points. Will todays Fed cut by quarter point effect the Morgtage rate.
Locked in Rate Today (FHA) and other Happenings I have purchased new construction, and the procedure for the mortgage is to lock in your rate after the pre-dry wall meeting, (approx. 60 days prior to close). Today I was able to lock in…locked in last week, how did I do? posted in the mortgage section but no response....traffice seems better here. Appreicate any comment. * Locked in a 535k Loan, 20% down, 4%, 30yr fixed, credit score above 800s on a SFH purchase.* No points,…Can I change mortgage companies half… I am purchasing a new home. We are going through our credit union with a locked in 6.375% rate. Rates are now 5.75%. We are thinking of trying to switch to a mortgage broker so…
