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Looking for a 10 Yr Fixed rate

by Sheila McGinnis from Chicago, Illinois. Feb 7th 2011 Reply


Rich Constantine (rconstantine)
#399 ranked lender in California - 79 contributions

Hi Sheila. There are several factors that play into the mortgage. 4.125%-4.5% is the range I would use for the 10 year. The lowest being the best rate and the higher for a "No Closing Cost" loan. Rates have gone up in the past 30 days. There is uncertainty brewing in the World, Egypt. The rate would be based among best case scenario. Lower LTV, High FICO. I lend in all 50 States. Get a quote from 2-3 people and call it a day. Hope this helps.RC

Feb 7th 2011
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Corey Seitz (Corey_Seitz)
#35 ranked lender in Colorado - 24 contributions

Sheila,Rates on a no cash out 10 year fixed for a borrower with >740 credit, < 80%LTV, loan amount of around $200,000, and with escrows should be around 3.625% / 3.876% apr if you are paying 1pt and average loan fees. Please know the best chance you have to get an accurate quote and avoid any surprises is to provide the following information. State and county the property is located in. Type of property. Estimated loan amount. Estimated value of the home. Estimated credit score. Do you escrow for taxes and insurance? Is this a cash out transaction? Note - My rate was quoted off of our 2/8/2011 9:42am rate sheet. Good luck on your search. If I can help you please email me at corey_seitz@excelfg.com

Feb 8th 2011
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Patrick McCarthy (PatrickM)
#22 ranked lender in Ohio - 196 contributions

Hi Sheila. 10 year fixed rates are between 3.875% and 4.375% today depending upon certain criteria. In order to get an accurate quote and compare lenders, you would need to provide each lender with the same information and ask for the same in return from them. I can be reached at 866-901-3576 and can help in any state.Patrick McCarthy, Northpointe Bank

Feb 8th 2011
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