## Is 3.5 A good mortgage rate?

Mortgages.

…

If you’re taking out a 30-year mortgage for $200,000 with $4,000 in closing costs, you might be able to choose between a rate of say 3.5% with closing costs or 3.875% with no closing costs.

Kelly explains, “In the case of the 3.5%, the lender is giving the borrower a ‘credit’ for the closing costs..

## Is 2.75 A good mortgage interest rate?

Given the typical spread between the 10-year Treasury and mortgage rates, borrowers should be able to get an interest rate in the neighborhood of 2.75%, or perhaps even lower than that. But that’s not happening, at least not across the board. … Put simply, there is only so much volume that mortgage companies can handle.

## Is 3.875 a good mortgage interest rate?

Historically, it’s a fantastic mortgage rate. … The average rate since 1971 is more than 8% for a 30-year fixed mortgage. To see if 3.875% is a good rate right now and for you, get 3-4 mortgage quotes and see what other lenders offer.

## What is the lowest mortgage rate ever?

2016 —An all-time low 2016 held the lowest annual mortgage rate on record going back to 1971. Freddie Mac says the typical 2016 mortgage was priced at just 3.65%.

## Can you negotiate your mortgage rate?

Many people aren’t aware they can negotiate their mortgage or refinance rate. Actually, it’s totally possible. But it’s not as simple as haggling over percentage points. To negotiate your mortgage rate, you’ll have to prove that you’re a credit-worthy borrower.