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Originally Posted by dwbevan
We just closed Dec. 6th and interest through Citizens was 4.375. My understanding is that interest rate is related to your credit score. There were no points involved. It was a 30 day closing.
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Congrats, I think you got about the best all time rate. We were here the 1st week of Oct and went through the pre-approval process. The rate a 4.62 at that time. You lock-in around Nov 7, rates have went back up recently. I'm hoping they drop back ad I get another shot. If it keeps moving up, we'll be cash customers. I really wanted to lock-in the low rate to cover taxable IRA withdrawals.
You're right, credit score is an important factor. That wasn't our problem, score was 800+.