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6.35%
Not recently though. My rate at end of May was 6.0% with a little credit, after relationship discount. 770 FICO in San Francisco
Citibank
6.25% closing next week
30 year fixed fha
Community Builder
It’s not just the rate. You also need to understand what you are paying for the rate as far as discount points. Very important item people miss sometimes. Two lenders could offer the same rate but what you pay to get that rate could be very different. Also rates depend on credit and how much you are putting down / ltv…as well as the type of property.
I can run some scenarios for you though as I am a lender.
If you want to see it that way, do so. But as you’ll see from the answers in this post, that’s not how individuals answer the question nor how most lenders really advertise their rates. But you do you!
Some new builders can offer you lower rates because they’re borrowing on low rate construction loans themselves. They need to move inventory so from time to time they do promos - check it out, could be in the high 4s or low 5s