LIFamilies.com - Long Island, NY


RSS
Articles Business Directory Blog Real Estate Community Forum Shop My Family Contests

Log In Chat Index Search Rules Lingo Create Account

Quick navigation:   

Mortgage Rates Have Dropped And...

Posted By Message

bikramaddict
mommy-to-be

Member since 8/06

4376 total posts

Name:

Mortgage Rates Have Dropped And...

...I'm locked in at a higher rate. Is there anything I can do to lower it?

Posted 12/12/06 10:07 AM
 
Long Island Weddings
Long Island's Largest Bridal Resource
  |   Prudential Douglas Elliman Real Estate

MikesWife
Wanting...........

Member since 1/06

6887 total posts

Name:
Karen

Re: Mortgage Rates Have Dropped And...

I think you'd have to wait until your rate expires - and then you won't know where the rate will be. Or you can try going to another bank and lose your rate lock deposit with the bank you currently are locked in with.

Posted 12/12/06 10:12 AM
 

MegZee
My bunny

Member since 5/06

8777 total posts

Name:
Meaghan

Re: Mortgage Rates Have Dropped And...

Posted by MikesWife

I think you'd have to wait until your rate expires - and then you won't know where the rate will be. Or you can try going to another bank and lose your rate lock deposit with the bank you currently are locked in with.



yep - either wait until it expires, or I would call your bank and say that you are going to eat the deposit and go elsewhere where you can get a lower rate. My guess would be that they would lower your rate rather than lose a customer.

Posted 12/12/06 10:27 AM
 

Eleanor
LIF Adult

Member since 2/06

2223 total posts

Name:
Ellie

Re: Mortgage Rates Have Dropped And...

do you have a float in your application? If you do then you should be able to lock at the lower rate. but most banks only offer one. (I wonder if this is a perk with going through the bank itself and not a broker)

Posted 12/12/06 11:22 AM
 
 

Potentially Related Topics:

Topic Posted By Started Replies Forum
POLL: Mortgage Rates bikramaddict 12/11/06 17 Home
Mortgage rates rise for 3rd straight week SweetestOfPeas 6/29/06 0 Home
Mortgage rates: up or down? MommaG 6/23/06 2 Home
30-Year Mortgage Rates Jump to 2-Year High CAJ 3/9/06 1 Home
The Mortgage Center CellarDweller 3/21/06 2 Home
Anybody have HSBC for the mortgage?? PiyoPika566 3/11/06 7 Home
 
Quick navigation:   
Currently 404186 users on the LIFamilies.com Chat
New Businesses
1 More Rep
Carleton Hall of East Islip
J&A Building Services
LaraMae Health Coaching
Sonic Wellness
Julbaby Photography LLC
Ideal Uniforms
Teresa Geraghty Photography
Camelot Dream Homes
Long Island Wedding Boutique
MB Febus- Rodan & Fields
Camp Harbor
Market America-Shop.com
ACM Basement Waterproofing
Travel Tom

      Follow LIWeddings on Facebook

      Follow LIFamilies on Twitter
Long Island Bridal Shows