What is a good mortgage rate right now? 3.75%?

[GrantMeThePower]

I don't know if the state matters, but I'm wondering in California. I've been offered the chance to refi at 3.75% with no cost to me and no points.

 

[rcpratt]

3.45% is average right now for 30-year fixed.

 

[purbeast0]

last year i was closing on a house that fell through (thankfully too) and our rate was like 4.125% i believe.

i just closed at the end of august at 3.875%.

i'm a first time home buyer and put 5% down, and there is no PMI either.

i would assume if you already own a home and have equity that you should be able to go "significantly" lower than 3.75% considering i just got 3.875% and you are in a much better position than i am as far as equity goes.

 

[Apathetic]

check out bankrate.com

Dave

 

[Capt Caveman]

That rate is pretty good with no closing costs but there are sites you can check like bankrate that you can use to find comparables.

 

[ichy]

I refi'd to 3.5% with minimal closing costs (had to pay fOr appraisal and title insurance) two months ago. Found that deal through bankrate, the competing offers I got from BoA and my local bank were a joke.

 

[Juddog]

I closed on a house a few months ago - 3.625%.

 

[GrantMeThePower]

Thanks, guys. I've never heard of bankrate. I'll check it out.

 

[Vdubchaos]

Thanks, guys. I've never heard of bankrate. I'll check it out.

Don't bother...

Just check your local bank/credit union for rates. You do NOT want to be dealing with banks remotely/far away.

You need a place near you.

And stay away from big banks......or brokers.....

 

[drum]

i'm closing tomorrow at 2.87 down from my old 5.25 had 18 years left on my 20 and am going to 15 year

 

[TXHokie]

Just locked on 2.5% 15 yrs fixed with local bank. Rates are crazy low.

 

[dbk]

i got 3.625

 

[Train]

I refinanced to 3.75% earlier this year and am kicking myself for not holding out for 3.5%

oh well.