I’m looking for mortgage rates online and want to build modular next year, now just looking for the best deal and wondering when today’s Fed actions will be reflected in the offers I find.
It seems that when I call to inquire about these good deals (for example, really low rates with 0 points), I am always told something like, “Well, that deal is for something else.” How does one get an accurate mortgage quote online from these sites? Or is it impossible to get an accurate quote without calling the companies directly?
This is my 1st time buying a house. I want to make an informed decision, and obviously I want a great rate! How can I do this without affecting/lowering my FICO score because of all of the companies checking my credit? I have excellent credit, but I don’t want to just accept the 1st mortgage offer from my local bank. I know there are lower rates out there, but I’m afraid to use the online sites. Do they work well? Is it something you recommend? So far, I’m not impressed with the mortgage rates I’m being quoted. I’ve checked with 2 local banks. I want a fixed rate (terrified of ARMS because of all of the foreclosures I’m hearing about…) so if you have a recommendation, please let me know. Are there any rates under 6% these days for a 30-year fixed? If so, where do I find them?
I look at the 10 year treasury note on yahoo finance, what else should I be checking out? what mortgage secured bonds are there? I need to decided when to lock in with my rate for a home purchase in the next 2 weeks.