5/1 Arm Rate Question
I am trying to find mortgage rate online. I tried different condition. What puzzles me is with credit score 710-719 it gives best rate 2.875%. With other credit score but same other condition such as loan amount and downpayment 20%, the ARM rate is higher 3.125%. I thought the better credit score the better rate. Can anyone please explain it? Thanks. by mariahernandezdiaz from Middletown, Connecticut. Jun 9th 2011
Chris Gummerson (cgummerson11)
#397 ranked lender in California - 648 contributions
I dont quite understand the question. What was the second credit score you inputted? If you would like, contact me from this page and I can run the numbers and go over your questions. Thank you.
Melissa Mason (mmason)
#8 ranked lender in Connecticut - 23 contributions
I agree this needs to be more specific is the 2.87% a fixed rate or ARM Rate and are you entering a range of credit scores between 710 - 719?
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