I just through pricing another loan. Conventional loan $320,000, good not great fico's, with what I consider adequate funds and still priced @ 4.875%. The buyer is thrilled and the by the way I picked up another client, the seller cause "their guy" was quoting 5.25%. on a $400,000 home and they have GREAT fico's and assets.
good rate. who is the lender? here in NYC we are seeing rates in the low 5s.
Thanks,
Rich
I'm glad to hear of the very affordable rates currently available. They really help us get the buyers off the fence.
Us bank and nationwide, I priced one out last night with GMAC also. Happy hunting. For the most part your correct 5-5.5% depending on property and barrower.
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