I am recently purchasing a home. And have been approved. Trying to lower interest rate.?

Question

Before applying for my home loan, I had applied for two credit cards, (i was not intending to buy a home at this time). The two cards raised my overall credit limit to double. But the inquiries slammed my credit score. I was wondering if in a month's time, if I will see a credit score increase due to the my debt to credit ratio. Due to the slam to my credit score it has given me a interest rate of 3.3%. But before I close I hope to obtain a better interest rate, is this likely?

2009-12-07T19:48:01Z

interest rate: 5.3*

Bash Limpbutt&#39;s Oozing Cyst© · Accepted Answer

2 credit card inquiries are not going to "slam" your credit score.  Multiple inquiries in a short period of time for the same type of credit product are counted as one.  And a single inquiry won't affect your score more than 5 points or so.

If you qualified for a 3.3% rate you must already have outstanding credit.  The credit cards didn't hurt you one iota.  You're NOT going to get a better rate that that!

Yayo · Answer

How about 0% is that good enough; come on if you don't think 3.3% is low then I don't know what to tell you. 

Here are the current rates for today so you can compare

 Best Rates
  	
Today
30 Yr FRM 	4.84% 	4.86%
15 Yr FRM 	4.16% 	4.17%
FHA 30 Year Fixed 	5.05% 	5.08%
Jumbo 30 Year Fixed 	6.03% 	6.06%
5/1 Yr ARM 	3.99% 	4.03%
Rate Disclaimer
Updated: 12/8/09 1:28 PM

Good luck finding a lower rate.

Judge Julie · Answer

3.3? - I'll pay you $1,000 for that info - Banks here are offering 5.5 - where are you!

? · Answer

I'm jealous, we're paying 8.5%

I am recently purchasing a home. And have been approved. Trying to lower interest rate.?

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