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We own a 4-story brownstone in Park Slope outright (been here a long time) and are planning whole-house reno to start in next few months. We will be seeking a $300,000 cash-out first mortgage.

Rates have just jumped and hot debate about whether they’re going up up up right now (The What) or likely to dip briefly before up up up (Adam Dahill, others).

Does anyone have good sources for mortgages at pre-increase rate (i.e., at rates posted two weeks ago) for extremely good credit rating and bldg with tons of equity? LendingTree, Amerisave, Quicken offer appearance of lower rates, but when you factor in their “lending discount” (another word for points) there’s no difference. Are there any NY institutions that understand what a brownstone neighborhood is and might give a rate “discount” (i.e., pre-hike)for high credit and equity?

Or should I just bite the bullet and lock in to something right now before they jack things up more on the basis of so-called recovery (for Wall Street)?

Lending sources, predictions appreciated.