Based on that scenario and using current pricing, I could do a base rate offer at 5.00% with no origination fees and no discount points. Here would be your pricing to go below 5%:
4.875% .75 discount points
4.75% 1.375 discount points
4.625% 2 discount points
4.5% 2.375 discount points

If you have any questions about rates, please feel free to contact me.
Luke Allison
Bank of America Home Loans
828-777-8828
luke.allison@bankofamerica.com

Vishali,

I would depend on the day you lock. It probably was there last week. This week, rates seem to be a little up-meaning you might have to pay for it. If you want me to send you a GFE, i would be more than happy to work up the numbes for you. You can reach me at dcastagna@emmloans.com. We can discuss your goals/needs in order to structure the loan properly.

Danny Castagna
SR Loan Officer
E-Mortgage Management
800-793-9633 x 185