Well that was a quick drop in rates. We locked someone at 3.75% and another at 4% in the last few weeks. The best way to get a great rate is to start your app with us, and have most of the documentation lined up. Then hang out until rates drop again, which they will. The worst way to do it is to believe a California Bank that you can get a rate that's 1% less then reality.
But some consumers don't have the experience to understand that these fake rates are non-existent. That's how people learn. I can't tell you how many clients ask if they'll be charged an extra $10k at the closing for the rate. We are regulated by the States of NC and VA and we can't behave like that (banks are not regulated for mortgages by the State in which you live). Nearly all credit unions don't offer 30 year fixed rates directly and subcontract that product out to brokers (which we are).
Call us and we'll get your app started. You tell us the rate you want and we'll hang out and wait for rates to drop. Then we'll lock you in and you'll get the rate you want. 919 771 3379. Andy May.