izzoblitzo
11-02-2007, 07:13 PM
Hey everyone, I'm getting a mortgage for the very first time, and I've got a broker working for me. Just wanted to do a little shopping for mortgage rates at the same time, doing my due dilligence and homework before I sign the dotted line.
On average, what's the typical rate these days? I've heard everyone tell me everything from 4.99 to 6.75!
I know it all comes down to what bank you're with, and the terms and all that, but what do you all consider as a fair rate?
I've been looking at all the websites of banks lately, and they seem to have a prime of 6 +/-% it seems.
For all you folks that have a mortgage, if you could give me an idea of what you think is fair, it would help me out quite a bit!! I just wanna make sure my broker is working in my favor and not the bank, because they seem to have allied with a specific bank... it can be a good thing and a bad thing as well!
Thanks in advance! ;)
On average, what's the typical rate these days? I've heard everyone tell me everything from 4.99 to 6.75!
I know it all comes down to what bank you're with, and the terms and all that, but what do you all consider as a fair rate?
I've been looking at all the websites of banks lately, and they seem to have a prime of 6 +/-% it seems.
For all you folks that have a mortgage, if you could give me an idea of what you think is fair, it would help me out quite a bit!! I just wanna make sure my broker is working in my favor and not the bank, because they seem to have allied with a specific bank... it can be a good thing and a bad thing as well!
Thanks in advance! ;)