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Dawn Said:

Where can I find the lowest mortgage rate?

We Answered:

I know of a wholesale lender that gets pretty close to that on conventional loans as long as you have excellent credit and 90% or less on the loan to value.

Elaine Said:

What is the deal with those low mortgage rates? I have perfect credit and the lowest rate I could get was 5.5

We Answered:

if that is a fixed rate, you have done good

Floyd Said:

What is the lowest mortgage rate in Colorado right now?

We Answered:

After looking at the all the major players and searching for the lowest rate the best i see 30yr fixed is 5.50 without having to buy down the rate.

a 10 year ARM is coming in at 5.375%
i dont recomend going below a 7yr ARM this gives you a low rate and flexability down the road without a huge risk!

many fanancial planners are brokers i would at least look at other offers to see who gets you the absolute lowest rate without buying down the rate!

Gene Said:

Why is my lender telling me 5% is the lowest mortgage rate available FHA?

We Answered:

Maybe both. Every lender charges different rates. In addition, you didn't say how many points you are paying or what the APR is for each lender. One lender may have a lower rate (in this case only 1/8%), but charge higher fees. This is why you have the APR rate to compare.

In addition, you may have credit issues that bumped the rate, and the "other" lender doesn't know this.

Alex Said:

what is the lowest mortgage rate for the state of Delaware?

We Answered:

That depends on many things, including your credit profile, income, property type, occupancy, loan-to-value, and much more. It also depends on what loan program you're looking for.

I can tell you that rates on most programs that aren't option arms are between 6-7% if your Fico score is 660+. So that's a ballpark.

Learn more: http://www.thetruthaboutmortgage.com