[RayB]

It is interesting to read of the mortgage rate variance presently being experienced. I just refinanced my home in The Villages with Insight Financial Credit Union at a rate of 4.35 percent with no points. I did a lot of shopping before committing to a refinance and found a big difference in rates, closing cost, and points. Insight was by far the lowest. Citizen Mortgage which held my previous mortgage, was the highest in points, rate and closing costs. One major drawback with Insight was the extreme wait time between the time I applied and the closing date. I applied first of April and just closed end of August. Insight locked in the rate for this entire time due to the extremely high volume they experienced with new business. I understand this is generally the experience with all mortgage companies according to some articles I have read. This might be a warning to someone who is shopping for a mortgage and has a deadline for a closing date. Because Citizen Mortgage is owned by the developer, they are not going to delay a mortgage on a new or used house the developer is selling.