mortgage interest rates

[elgerber]

I do loans for people with low 600 scores, and they are not 8%. I cannot even imagine where that number is coming from. I think there is more to the story or she is exaggerating.

 

[boop0524]

We just closed on a house. Unfortunately have to move due to DH’s work, but good news is we’re about an hour from the mouse now. Woot!! Anyway, our rate is 5.25% and that was the best we could get. It sucks but could be worse I guess. ETA: we were not willing to pay for credits, so technically I guess it could have been lower

 

[momz]

I do loans for people with low 600 scores, and they are not 8%. I cannot even imagine where that number is coming from. I think there is more to the story or she is exaggerating.

I think you are correct. In fact, I think she really has no idea what she was talking about and may be financially illiterate. I don't understand not knowing, or not taking the time to educate yourself. She's pretty flighty over all and this is likely just one more example.