Thursday, August 4, 2011

Locked in!!

Hey guys!  We are officially locked in at 4.25%.  We are happy to be there, since our initial cost calculation sheet was with an estimated 4.75% interest rate.  Already saving some money.  I know it's not much, but it means a lot to us.  AND, the cost was less than yesterday as well, so we really made out :)  We are going to the house tonight.  I have pics that I need to post.  We have our cabinets in, and our hardwood in the foyer, powder room, and kitchen.  We have our Vinyl in as well.  I will get some more pics tonight and post later!


  1. That's awesome. Congratulations!

  2. Congrats!!

    That's how it worked out for us too. The rates were 4.75% when we started our journey too. So had them estimate it all at 5% just in case. We ended up locking in 4.25%.

    We got an estimated closing cost about half way through with the 4.75%. At closing, our actual costs were about $2000 less than our estimate. Mostly due to locking in at the lower rate. A half a point is nothing to sneeze at! You did great!

    Sounds like things are coming along with the house great too. Can't wait to see the pictures!

  3. Yaaaay! Congrats on your rates! We locked in July at 4.35%! We were estimating at 5% as well! Like Noey said that half of point is something to "toot" your horn about! Since you wont, I'll toot for you! Toot, toooot! Lol ;) Congrats Newbie!!!

  4. Thanks everyone!! We really didn't want to be at 4.75% even though we knew we could afford it, but who doesn't want to save a little bit of money?!

    Noey - Are you serious!? What happened with the extra $2,000 then? I would LOVE for that to happen especially since our wedding is only 7 weeks after that!

    Chelly - thanks for tooting my horn!! I'm glad you understand :)

  5. You locked just in time! The US just got its bond rating downgraded, and I think interest rates are going up soon! Congrats. You should be super-happy.

  6. Congrats! Im jealous...we're still about a month or so away and I am freaky out with whats going on with the S&P.

    4.25 is AWESOME!!! That will save you a lot!! Lots more in your pocket for when you get married! :)

  7. thats AWESOME!! I still have a little while to go before getting to lock in, so I'm just a tad jealous.. haha