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Updated almost 5 years ago on . Most recent reply

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James McCarthy
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5
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Points changing during rate lock period?

James McCarthy
Posted

I'm in the process of doing a refi and have my rate locked. Every time I get a revised estimate statement during the underwriting process, the points have changed. They were initially 1.5%, a week later .5% and now .95%. I'm not really complaining since its still lower than I initially thought it would be, but I've never run into this before. Curious about why its happening.

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