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There are pricing adjustments to all loans for things like escrow waivers, property types, loan sizes, loan purpose, and credit scores. Unless you have serious adjustments for your loan, getting 3.625% should not be that difficult. The biggest consideration is what it costs you to get that rate, versus perhaps taking a 3.75% rate and having the lender pay part of your closing costs. Either way, with today’s rates, you should be OK, unless you have an investment property, condo, small loan size, etc. Feel free to contact me if you want more info. Ted Rood (ted_rood@yahoo.com)
I have not been able to find a lender offering anything near 3.625% on a refinance. We have excellent credit, and outr house is in Montgomery County, Md.
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