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!

9 comments:

  1. That's awesome. Congratulations!

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  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!

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  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!!!

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  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 :)

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  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.

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  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! :)

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

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