Mortage Rate Alert - 4.375%!

by Osman Parvez
To the point of falling rates (in my last post), I just received this email from a friend.
Just a heads-up - If you or your clients are looking for a mortgage lender, Provident Funding has some very good rates. They have high standards, cut no corners, lend in "nice" areas, so this is for the folks with high credit ratings and documentation of income.

I'm paying down my existing loan (a jumbo) to get it below $417,000, locking in at 4.375% (and paying 1.75 points). $2600 in fees.

(they discount 1/4 point for credit ratings over 740)

...not the cheapest fees around, but not bad - and I can't find a better APR.

Once I close this, I'm going back to Third Federal for their crazy-low HELOC. (currently Prime minus 0.65, and they guarantee that if anyone has a better rate, they will beat it or pay you $1000 - even after you establish the line)

The next Boulder Real Estate Meetup is February 2nd and you're invited! This is an opportunity for you to learn about important real estate related issues in a friendly, low-key environment. This month we're talking about tree pruning, staging, tankless hot water, historic renovations, and how to avoid buying a meth lab (the wild card). Learn more and RSVP HERE.

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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties.   We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate. 

Please Note

This document contains forward-looking statements. You are strongly cautioned that investment results are subject to business, economic and other uncertainties. There are no guarantees associated with any forecast and the opinions stated here are subject to change at any time. Always consult your financial advisor before making an investment decision.