Mortgage Blog

One borrower called me that he got the 7/1 ARM rate of 3.375% with a banker, and checked with me about my rate. After talking to him, I found that he needs to transfer 500k to that lender, then my rate would be 3.125% for his case.

Right now, the rate is very complicated with the "relationships". If you can transfer 75k or 100k, your rate would be better. Or if you have 500k, then your rate will be around 0.25% better. So when you talked to the loan agent, maybe you can disclose how much extra assets you have the relationship with the lender, so that you can get better rates.

And any rate of 3.125% to 3.375% rate are good rates. By  the way, the APR is around 4.7%.