tag:blogger.com,1999:blog-1026112616314528811.post7715459860518028706..comments2023-08-18T07:20:03.675-07:00Comments on Building our Ryan Homes Florence in Wild Wonderful West Virginia: Rate LockAnonymoushttp://www.blogger.com/profile/15127859837361560512noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1026112616314528811.post-85220371661633945092014-06-19T04:37:03.809-07:002014-06-19T04:37:03.809-07:00Nice! That's a great rate for a fixed mortgage...Nice! That's a great rate for a fixed mortgage, congrats! I think I am more obsessed with checking rates now than I was when we were looking to lock!Chrissie G.https://www.blogger.com/profile/10059408236438297457noreply@blogger.comtag:blogger.com,1999:blog-1026112616314528811.post-29076084559610413442014-06-17T19:49:30.214-07:002014-06-17T19:49:30.214-07:00exactly...It's fixed rate. No chance of it ris...exactly...It's fixed rate. No chance of it rising. Anonymoushttps://www.blogger.com/profile/15127859837361560512noreply@blogger.comtag:blogger.com,1999:blog-1026112616314528811.post-89983843863136275602014-06-17T15:55:07.341-07:002014-06-17T15:55:07.341-07:00I guess you're right. It's better than pay...I guess you're right. It's better than paying 7+% interest rate 20+ years ago!Kimmiehttps://www.blogger.com/profile/09968737902349703961noreply@blogger.comtag:blogger.com,1999:blog-1026112616314528811.post-55854777389128630072014-06-17T13:07:02.246-07:002014-06-17T13:07:02.246-07:00I agree Kimmie...chances are we could have locked ...I agree Kimmie...chances are we could have locked on Friday and it would be same rate. But why gamble? As long as it is better than what we initially had and is competitive with other mortgage companies, I think we did well, considering the incentives we got. USAA rates were offering a 4.0% and offering -0.500 points back, or 3.75 if you pay 0.375 points...I could have probably paid down points, but in the whole scheme of things and basically closing at zero cost to me with incentives, I can't complain. Anonymoushttps://www.blogger.com/profile/15127859837361560512noreply@blogger.comtag:blogger.com,1999:blog-1026112616314528811.post-63811887971974749952014-06-17T11:53:49.729-07:002014-06-17T11:53:49.729-07:00Locking in is such a gamble! Especially with NVR a...Locking in is such a gamble! Especially with NVR asking for an answer on the spot. Like I said on my recent blog, they had to make us answer by 5:00pm when they e-mailed us that day. Bleh. I believe we made the right decision. 4.00% is better than our previous 4.25%. I also hope it stays like this for a while and not regret it in the future. Kimmiehttps://www.blogger.com/profile/09968737902349703961noreply@blogger.com