can i get a mortgage rate for less than the par rate?

You can go below par but it makes zero sense.. if your purchasing a home and the seller is contributing more than enough to pay for your closing costs, then you could use the remainder to buy down the rate, but aside from that, it makes no sense to "Pay" to get a lower rate..I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

As stated already you can go as low as the lender will allow as long as you are willing to pay the points for the cost of the rate and each point is equal to 1% of your loan amount. All the best.

hi: You are welcome to select lowest rate our lenders offer as well as my in house and pay the points. Right now on a 45 day lock with no pts minimal closing costs you are looking at mid 3% 30 yr fixed conforming limits 417k or under with good to excellent credit...I would be glad to sit down and see if it's advantageous for you to pay the extra points in getting a lower rate depending if you are planning to stay in the home for a while etc. Check with your cpa to see if pts are tax deductible which should be but please verify. I am here local in the area (South Riding, VA) and be glad to further assist. Mike (703 505 5300) NMLS 754875

if your willing to pay points sure. But that's gonna be expensive

It depends on the size of your loan to see if it is worth it ... you need to figure out how long that it will take to justify paying points .. you can email me at yourloanpartnerforlife@live.com