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GummyBearz

(2,931 posts)

11. Yea that sounds like what they pitched to me as well

Reply to upaloopa (Reply #7)

Thu Dec 17, 2015, 06:57 PM

Dec 2015

The way it worked in my case was that the bank kept delaying over and over until we were at the point where our offer could be walked away from by the seller if we delayed one more day. Then the bank said "ok this is the rate today. you want it or you want to break contract?"... which was not much of a choice, given the dollars we already put into the effort at that point :|

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Fed Rate Goes Up. Mortgage Rates Go Down [View all] upaloopa Dec 2015 OP

The fed rate since 2008--one more way to make sure the rich get richer. merrily Dec 2015 #1

I'm glad that the mortgage rates aren't going up. My son Waldorf Dec 2015 #2

Does he have a rate locked in? upaloopa Dec 2015 #3

I closed on my first house this summer, the rate didn't lock until the week of GummyBearz Dec 2015 #4

No, not yet. I thought he would have to before the builder would even start on the house but Waldorf Dec 2015 #8

For me it was within 30 days of estimated closing date upaloopa Dec 2015 #9

I'll tell him to ask. House should be done in about 3 weeks. Waldorf Dec 2015 #10

It is interesting to me personally. GummyBearz Dec 2015 #5

I am in CA and had a mortgage broker to work with. upaloopa Dec 2015 #7

Yea that sounds like what they pitched to me as well GummyBearz Dec 2015 #11

i refi'd my mortgage and it caused my taxes to go up saturnsring Dec 2015 #6