Quote:
Originally Posted by burn_baby_burn
I'm in the process of buying a different house. One thing that I am curious about are current mortgage rates. Right now I am nearing the end of my 5 year mortgage at 4.23%. I am being quoted a rate of 4.35% by my mortgage broker for five years. What kind of quotes or rates have other posters heard of recently? For those of you in the business, is 4.35% a good rate at the moment? Or could I do much better if I shop around?
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I typically go for a 2-3 years for my mortgage. I now go through a mortgage broker. Let them find me the best deal. Before I used to deal with the same bank everytime. Which is fine if that is what you are comfortable with.
When dealing with the bank I always got a lower rate when I asked for one. So just say 4.35% is not good enough. What can you lower it to? Let them go figure something out. They will probably do the ole.. "Pretend to go to his bosses office to get the better rate but not really do anything and then come back and drop the rate"