Hi, I will be buying a house in september/october for this new PCS to FL.
I am currently pre approved with a lendor and they said we are looking at around 6.125% interest rates. Now i know there is alot of time for rate changes, but does this seem high?
I am seeing alot of other buyers get offered 5% – 5.5%.
Thanks! I’m very new to this and will be my first home.
Posted by AlphaX71
1 Comment
Shop around to other lenders, see what quotes you can get. I believe (someone correct me if I’m wrong) unless you signed something to lock in the rate, it will change from now until home financing time. No one can predict the market in September/October right now so you can find a lender you like with a rate you like. I believe around 6% is the national average right now so it’s not a bad quote but it doesn’t hurt to shop around.