Just got my offer accepted for my first time home purchase in Lakeland, WA! Excited but nervous as fcuk too! We found a hell of a deal on a 2900 sq.ft home My mortgage broker had several of my previous good faith estimates between 3.25 - 3.37 %...not bad. However, last night, he informed me that he locked me in at 3.5% for 45 days which now puts me a few dollars above what I told him was my max monthly budget. So on Saturday my GFE was 3.37 and on Tuesday it was 3.5. Can rates jump that fast? Or is he setting me up for options to buy points to lower interest? Anyhow, almost seems like a planned job and it's to late for me to shop around. 3.5% in the end though is not too bad either.
Thanks for all thoughts.