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I went on lendingtree.com yesterday, put in my info and clicked the button to see rates. HOLY CRAP!!! My phone rang withing 5 seconds and while I was talking to that bank 5 others left voicemails. 6 calls within 1 minute. I had 11 calls between 8 am and noon today.
The best offer is 2.750% on a 10 year / no points / $1080 in closing for a $190,000 loan with $100,000 cash out. A 15 year was 2.875%
The more I borrow the lower the rate and multiple companies have flat out said they don't do mortgages below $150,000. A couple said if I wanted to refinance just the $90K we currently owe I would have to take a $150 loan with $60K cash out and then use that cash to pay down the loan as soon as it goes through.
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