Quick Question About Banks

Yes, Every Bank has different rate and they offer even different rates to brokers depending on the relationship they have. for example, we are offering 15 years fix loans as low as 3.5% and most of the other Retail Banks such as bank of America and Wells are around 3.875%, same goes for 30 years fix loans, their rates is usually 0.25 to 0.5% higher.

I don't lend in your area so I have no bias on your question. In the past I thought bank rates were higher. Now, working for a local bank, I have found that NOT to be true. I find that most people in our area are within about 1/8% of each other. Usually when someone offers a MUCH lower rate than everyone else, I tend to ask "why"? Are the fees higher? am I paying discount "points" (fees) to get a lower rate? I would suggest you call a few lenders and compare for yourself.