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The best time to do that would have been early 2005. WaMu branches were competing against themselves for refi's then and it only cost me $170 in closing costs to refi at a lower fixed rate for 20 years, knocking 7 years off my 2002 30 yr. mortgage for


The best time to do that would have been early 2005. WaMu branches were competing against themselves for refi's then and it only cost me $170 in closing costs to refi at a lower fixed rate for 20 years, knocking 7 years off my 2002 30 yr. mortgage for


WaMu was actually in worse shape according to the numbers than IndyMac back right before it went under. I have money in both, so I had been following them for months. People got scared by Schumer and took out all their $$$ out of IndyMac, causing their


Rates depend heavily on 3 factors, Credit, Collateral, Compensation.

Credit= FICO Score from 620-720?
The lower your credit score the higher the rate

Collateral= Loan to Value, are you financing 80%, 90% or 100%?

washington mutual mortgage rates news

FHFA Reports Mortgage Interest Rates for March

21.05.12

The average interest rate on conventional, 30-year, fixed-rate mortgage loans of $417,000 or less decreased 24 basis points to 4.12 in March. These rates are calculated from the FHFA’s Monthly Interest Rate Survey of purchase-money mortgages (see technical note). These results reflect loans closed during the March 26-30 period. Typically, the interest rate is determined 30 to 45 days before the loan is closed. Thus, the reported rates depict market conditions prevailing in mid- to late-February.

The contract rate on the composite of all mortgage loans (fixed- and adjustable-rate) was 3.89 percent in March, down 16 basis points from 4.05 percent in February. The effective interest rate, which reflects the amortization of initial fees and charges, was 3.93 percent in March, down 24 basis points from 4.17 percent in February.


Source: LoanSafe

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