Real Estate Home Mortgages/Mortgage Rate


I am considering purchasing a house for 620K with 20% down. I went to my banker at Bank of America and she quoted me a rate of 3.626% on a 30 year loan with no points. Do you think it's a good rate? I heard on the radio that the rate for 30 year fix is 3.50. Any help would be appreciated!


That sounds like a great rate considering your loan is what they consider "jumbo".  Often times people hear conventional rates and fail to recognize that generally after $400K they are in that category.  Do not just look at rates but consider the total cost to do the loan as well as a comparison to your current position.  

Hope that helps.

Best Regards,

Ryan Hasselmeier

About Real Estate Home Mortgages
This topic answers questions related to purchasing a home, owning a home, home ownership, mortgage education, mortgage applications, and mortgage needs whether buying a first home or refinancing a current loan. Issues related to home ownership, home equity, mortgage education, refinacing options, home improvment finacing, first time home loans, home equity loans, vactation home loans, and mortgages for investment homes are dealt with here also. Though not the primary focus of this topic, Home Equity Lines of Credits (HELOCS), reverse mortgages, and calculating home equity may also be asked. If you do not see your home mortgae, home finacing, or home equity question answered in this area then please ask a question here

Real Estate Home Mortgages

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Ryan Hasselmeier


Former Mortgage and Insurance Broker in Texas. Originated loans for use as a Primary Residence, Second Home, Investment Property or even Mixed Use. Have brokered loans for Manufactured Homes and even Rural Housing.


Have been actively involved in the mortgage loan origination industry since 2001 and real estate investment since 1990.

Current Chairman of the American Signing Agents Association Inc, a non-profit professional business association of Notary Signing Agents who specialize in real estate settlement transactions.

Bachelors of Business Administration in Accounting and Management Information Systems from Sam Houston State University in Huntsville Texas.

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