Posted by Lisa on July 31, 2003 at 20:29:17:
Thanks James…I was just a bit disappointed because I applied for this loan in early June when rates were at their lowest. The rate I was quoted then and thought I had locked-in was 5%, 15 yr. with 2 points. Now because underwriting is taking a ridiculous amount of time the rates have creeped back up. I believe my broker is losing money on this loan or at a minimum making nothing in order to try and keep it as close to the originally quoted rate. So it makes me feel better that I am getting a very good rate still since they’ve gone up quite a bit since then.