how can i get a lower mortgage rate? or is mine fine?

There are a few other items that go into determining the rate. However, you could get a lower rate than 5%. I'm a local loan officer. Contact me if you'd like to see what I can offer.

What kind of loan are you applying for? You should be able to do better than 5%

We are offering a slightly lower rate today for 710 score (with no points). What are the fees associated with the 5% rate? It is important to consider the dollar amount of any points and/or lender fees that are associated with the rate. You can check us out at www.bestrateNC.com if you want to accurately compare rates.

Homepath rates are higher than typical traditional loans.

It sounds like a GREAT rate. HomePath does not require Mortgage Insurance (MI). So this rate is higher than a regular loan, but doesn't have the added expense of MI. Don't worry about the previous answers stating they have lower rates - their lower rates would be plus MI. Your lender is doing a good job for you by directing you toward a HOMEPATH Loan.