2.99% Yep 2.99%

Today in the mortgae world that we live in I typically spend most of my daylevel setting and answering questions on what is still available out there. Not always fun, but it is what it is. But, today I had a blast! I am doing a loan for a buddy that works in the same building….he’s refinancing his home and plans to move up in the next couple of years, anyway a 5 year ARM is what he decided was the best plan for him. When we began the process we were looking at 3.25% (great rate) as we continued the process rates continued to improve, so I told him if i couuld get him 3% I would lock him….Well today he walked into my office and asked me half jokingly if i got him 3%. I looked at him and said NO! and slapped down his lock form and said 2.99%! Got to love it! Is 2.99 that much better then 3, no but it sure sounds good and he was very happy to hear it. Anyway, it was fun to do and I wanted to share.