PenFed offering 30-year fixed rate at 3.00% with .50 fee

[usctrojancpa]

Looks like PenFed has gotten very competitive when it comes to their 30-year fixed.  They are offering a special either at 3.125% with a .25 fee or 3.00% with a .50 fee along with no 1% origination.  The rate is good for loans up to $417k, either purchase or refi (Not sure if I would use them for a purchase though). 

 

[freedomcm]

they raised the fee for 3% to 1.375% on their site.

also, what's up with $3500 for title insurance?  what a scam.

of course, my current lender estimated $1500 and ended up only charging $700

 

[usctrojancpa]

they raised the fee for 3% to 1.375% on their site.

also, what's up with $3500 for title insurance?  what a scam.

of course, my current lender estimated $1500 and ended up only charging $700

Title insurance is a 3rd party fee or their number is just a high estimate.  They are just providing a super high estimate so they don't get dinged on the GFE tolerance limits.