We locked in our rate with Wells Fargo several weeks ago for a jumbo loan at 6.875%. Two weeks later, the rate was 8% at Wells Fargo, with several other banks following suit.

Hopefully the market madness goes down in the coming months so we can get an even better rate. We're closing hopefully in the November-January timeframe.

Posted by: MGP at August 13, 2007 9:35 AM in response to The Market Impact of Higher Jumbo Mortgage Rates

10:12 AM guest:

Had we locked in late June/early July we would've received 6.625% on our rate. C'est la vie unfortunately.

That said, we bought at One Hanson so we're not particularly worried about pricing. It also helps that they dropped prices by 9.5% on our condo a few days before we got there.

It was initially valued at that level, so that gives us a nice buffer imo since the price drop occurred before we bought. :)

Posted by: MGP at August 13, 2007 10:21 AM in response to The Market Impact of Higher Jumbo Mortgage Rates

10:25 AM guest:

Yea the credit market is shaky right now. Our credit scores are in the 780-810 range, and we still had to scrimp for every rate reduction we could.

We'll get a 1/4% off on our rate for using direct checking debit, and another 1/4% off for opening up a checking account with Wells Fargo. We also negotiated some on the closing fees, and a few other things, but there really wasn't much wiggle room.

I really thought that with our stellar credit history and scores we'd be able to get something great in comparison to the market. All our credit scores meant in the end is that we could get a loan without getting raped on the %.

I guess in this kind of market that's not so bad. :)

Posted by: MGP at August 13, 2007 10:35 AM in response to The Market Impact of Higher Jumbo Mortgage Rates

Guest @ December 20, 2007 12:02 PM,

My husband and I are moving to One Hanson in the 15-17 batch, and this confirms what we've heard as well.

We also learned that FIOS is installed in the building and will be ready for use when we get there. So happy. :)

Posted by: MGP at December 21, 2007 3:43 PM in response to Almost Move-In Time at One Hanson Place

I signed up.

Posted by: MGP at January 8, 2008 6:16 PM in response to Almost Move-In Time at One Hanson Place

My husband and I completed are walkthrough today on the 15th floor. I'm so looking forward to moving in. :)

Posted by: MGP at March 19, 2008 12:46 AM in response to One Hanson: Sales and C of O Update