Quick update. We just locked our mortgage at 3.75%! I've done lots of math, including algebra to figure out what was best for us. Either way, when we started this process in December we were estimating a 4.25% rate, so I'm ecstatic with this.
It's only a 45 day lock so nothing better slow us down! :)
Can't wait to see the house tomorrow with drywall and brick!
Did the rate lock being lower affect anything? Like closing costs or just mortgage payment?
ReplyDeleteDid the rate lock being lower affect anything? Like closing costs or just mortgage payment?
ReplyDeleteIt didn't effect closing costs as far I can tell. Just monthly payment. :)
Delete