As of today you are probably looking in the range of 5.00% to 5.25%. While everyone still wants to advertise low fixed rate mortgages, rates have been trickling up over the past couple of weeks (4.75% was a cinch just a few weeks ago, now - not so much). I would suggest that if you were on the fence about when to lock, register your loan and float your interest rate. You don't have to lock until you are ready to do so.

If you have any questions, please let me know. My branch in NC processes and underwrites for all of SC.

Luke Allison
Bank of America Home Loans
828-777-8828
luke.allison@bankofamerica.com

Tay Tay,

Interest rates with a good credit score can be as low as 4.75 for 30 years. Rates are credit score driven though, so talk with a reputable lender and see what interest rate you can qualify for. Some other things to consider...PMI has gone up a bit, so if you don't have 20% equity in your home, the payment difference plus the increased PMI could be a wash. Also, there are some closing costs involved. Let me know if you want any lender names!

Page Latham, Realtor
pagelatham@aol.com
803-782-9171

TayTay,

You would do yourself good by speaking with a loan officer. If you do not have one, I can recommend a couple of good loan officers that we work with. Feel free to contact me at anytime.

Thanks

Howard Rose III Army (Ret) Realtor
Keller William Realty
4400A St. Andrews Rd.
Columbia, SC 29210
803-800-4448/803-767-7219
hrose@kw.com