JCnOC said:Hi,
What is the current best rate lock for 270 days? Just bought a new house , nd it won't be already until June 2016.
Am trying to lock the rate now, so I can be worried free because Ia possible rate hike by FED in December.
Any advise would be much appreciated it
JCnOC said:Not yet but would like to know the best options in advance. I'm also discussing with other banks as well. Want to see the best optim that I can get. Is it better to use home builders preferred lender ?
JCnOC said:Beacon Park in Irvine.
JCnOC said:I spoke to one of the lenders that I got qualified and they told me its 0.6 points last week. I'm not quite sure if that is good or bad.
JCnOC said:Thanks for the feedback, Perspective. I'll be having a meeting with the lender this Friday and will provide more detail. Still so wondering if 270 day rate lock makes sense or not. Just wanted be sure I Can get the best rate when closing in June next year.
It would be good to get a quote from three lenders and compare. The big lenders should all have pricing for long locks. For example, Bank of America has the "Builder Rate Cap". Dimensions to compare:JCnOC said:I spoke to one of the lenders that I got qualified and they told me its 0.6 points last week. I'm not quite sure if that is good or bad.