Purchase
This is the same ballpark i am hearing. Gone with the wind those 3.15% rates.
You were missing for a long time. Iām glad that you still have not lost your membership 
Yes, this is for new purchase. Last year 2.625% possible, but this year 7/1 ARM is 3.625% and 30 year fixed for new purchase is possible 4.25% in WFC. I knew I am paying premium (over WFC 4.25%) as my mortgage is complex. I do not prefer ARM as I guess FED wonāt lower rates in future and I do not have any plans to sell homes in near future, at least 15-20 years.
I have an expired ARM thatās going to reset by 1% higher this year. Thatās totally a mess, itās even higher than current 30 year fixed. ARM is bad! I should have gotten a 30 year fixed rate a few years ago and donāt need to worry about this now. Refi is a lot of work.
Trump has made the mortgage interest rate jump and made the housing price jump. Too much!
My bank said they canāt give people bigger loans based on an ARM rate because they use 30 yr fixed requirements to qualify applicants. Is this true?
Can someone please show me a time machine to allow me to return to 2009? I couldāve done so many things so differentlyā¦ 
If you choose 7/1 arm, it could be ok. But the rate difference so small, why bother with arm now?
I ran into the same problem with 3 of my mortgages but I have since re-fied them to a 30 year fixed.
Why is refi a lot of work?
Donāt care about the rate difference. Just want a bigger loan and then can refi back to a fixed rate later.
Itās not too bad if you have all the paperwork ready. I refi each year until I got down to sub 3.5% starting from 4.25%.
You are, as usual, smart and timely to get out of ARM.
This is the issue as finance rules are changing then and there. Better to go for 30 fixed once for all. I have been telling this since beginning of 2008.
The reason for my recent purchase is to lock the low rate once for all. The rates less than 4% or even 4.25% is going to be the lowest rate in this century ! Like short sale is history (not foreclosure), low rates are going to be history in USA.
Except ARM rate, rest of the treatments are same as 30 year fixed (esp stress testing buyers financing, yes all lender run multiple scenarios to make sure buyer has enough cash reserve and stability to repay loan)
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People at google are reporting 3.5% for primary on a 2M loanā¦ crazy.
30 yrs fixed?
yes. their words were 3.5% on a 2M loan with 20% down for their primary.
I know Google employees get discounts from some lenders but this # is unreal assuming accurate.
Thatās crazy. I know many banks provide rate discounts around 1/8 or 1/4 if open an account with them and transfer over some assets.
Yeah, I am very surprised too. Maybe they are trying to get googlerās business? Anybody recently got a loan from chase or bofa?
I am somewhat locked with my current lender due to very short closing requirement i am having, but this sounds very big difference.
Family working at Google bought a house in 2015 and she got 1/5 or 1/4 discount from citi.