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Updated almost 5 years ago on . Most recent reply
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First home purchase
Helpppppp!
I was in process to purchase my first home
I used the VA Loan with 0%
They were giving me 2.99% interest
Which was great but now... with the market being so volatile it went up to 3.87% in a matter of days
I was about to lock up the rate but had to come back to work were I get almost no signal
That day it went up to 3.5% and now today its at 3.87%
I have payed for the inspection and put some money into escrow
House was listed for $139k
Offered $133.5k
And got accepted I’m paying closing costs
House was a little below market value as most of the comps were listed for $140k - $145k
Any help on what to do?
Should I back out
Is it still worth the interest rate?
I’m I just freaking out because they offered a very low interest at first and now they changed it to that much?