06/12/14 Locked in!

90 days...

90 days....

NVR emailed my boyfriend stating if we want to get locked in for the current interest rate. They needed an answer by 5pm today. Sheesh.

We decided to go ahead and lock our interest rate down. I mean, I know it'll go down in the future but... who knows? It's like a bloody gamble! Let's hope Ryan Homes finishes our home in time, which will be in the middle of August.

In our area, the rate locked in at 4.00% costing 0 points and 1.00% origination fee. Which will be a net cost of 1%. Original quote was 4.25%.... so my boyfriend thought it was a good idea to just go ahead and get locked. I wish it can be in the three's at least. Sigh. Our realtor was happy that we were able to get this interest rate though.