rate lock and lender search

[pulirex1]

need some info, current interest rate is 4.59% but expected home completion date is around mid june which puts me in a 90 day lock period. is it better to lock the rate with additional point cost of 6k? also if i wanted to search for lenders how can i start searching without have a credit hit just to get a quote. tia

[Anta Assamey]

[Guest]

1 hour ago, pulirex1 said:

need some info, current interest rate is 4.59% but expected home completion date is around mid june which puts me in a 90 day lock period. is it better to lock the rate with additional point cost of 6k? also if i wanted to search for lenders how can i start searching without have a credit hit just to get a quote. tia

There is no way you can get rate lock without hard pull, between hard pull for mortgage is not bad. Wells Fargo does extended locks up to 180 days for 3k upfront fee,  BOFa does it for 4k for the same. Go to the branch, they will help you out. There are others do lock for up to 120 days for 4k fee rolled into closing costs. I can give the contact if you want

[Moon_Walker]

3 minutes ago, Guest said:

There is no way you can get rate lock without hard pull, between hard pull for mortgage is not bad. Wells Fargo does extended locks up to 180 days for 3k upfront fee,  BOFa does it for 4k for the same. Go to the branch, they will help you out. There are others do lock for up to 120 days for 4k fee rolled into closing costs. I can give the contact if you want

well said. without hard pull we will not get correct rate for lock-in.

I dont know why people worry about hard pull when interest rates are going up. what will u do with higher interest rates and keeping ur credit scores?

[CuteDesiGal]

4.5 aa 3.9 annaru 2 weeks back

[perugu_vada]

4.5% ah  

[gudboy]

7 minutes ago, CuteDesiGal said:

4.5 aa 3.9 annaru 2 weeks back

yes interest rates are climbing very quick

[sureshkonda]

rate 3.99% chupisthundi kada ?

 

https://www.owning.com/

[Moon_Walker]

12 minutes ago, sureshkonda said:

rate 3.99% chupisthundi kada ?

 

https://www.owning.com/

I dont think that applies to everyone. It differs from case to case basis for getting right rate.