Additionally, make sure your new lender offering the low rate is legitimate. You could in fact be low balled, only to find out later the lender cannot commit to his rate/ program that he offerend you. Classic bait and switch. Use reputably lenders, get it in writing, buy and enjoy your home!
You need to find out if the loan was locked. If not chances are lender a may have lower rates. You must be sure that you are comparing apples to apples.
Since lender B states that they came in with lower rates they also know that you have been working with some else and have just "low balled" your quote.
I will say that rates are all over the place. This week alone rates have gone down 1.25% and then back up 7/8th today. It is a roller coaster.
Work with a broker that will put closing cost guaranteed in writing and provide a valid rate lock. It is the best way to insure that you will not have surprises at close.
If you want, call or email and I will take a look at your deal and let you know what your looking at. I do not steal business, I just want you to be sure that you are getting a fair shake.
Also remember that it is not just about rates. When you get away from par rates it is a seasaw. The lower the rate the higher the closing cost and the higher the rate the lower the closing cost. There is always closing cost, just depends on how they are listed on the HUD-1.
Thanks. Tony - 317-714-8080