Mortgage rates are really starting to climb.
Granted, in the big picture of things, they’re still at historically low levels at 4.5 percent for a 30-year mortgage. But the numbers are all pointing upward these days — and few expect them to fall back to their previously lower levels.
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Posted by Ford Realty on 07/11/13 | | Read 1 Comment »
I got the following rates from BAC earlier this year, actually all the way back in March, 2013:
Rental property (in Metropolitan Condos) is 3.125% and primary residence (Chestnut Hills) is 2.875%
Both loans are a 10 year fixed product with zero points– closing costs being somewhat standard, seem not relevant.
Are these good rates?
The 2.875% refi closed recently (the other has not).
It seemed strange that I received a check for $1293.32 from the title company.
They called it “Loan proceeds from your transaction”.
What does the bank gain from taking so long? Are they hoping that I’ll ‘drop’ out?
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