Can I negotiate my mortgage rate with my lender?

Yes, you can negotiate your mortgage rate with your lender. While lenders may have standard rates for their mortgage products, they are often willing to negotiate with borrowers to earn their business. Here are some tips on how to negotiate your mortgage rate:

1. Shop around: Get quotes from multiple lenders to compare their rates and terms.

2. Research: Research the current market rates and trends to understand what rates are competitive.

3. Leverage your credit score: If you have a good credit score, use it as leverage to negotiate a lower rate.

4. Consider paying points: You can pay points upfront to reduce your interest rate. Make sure to calculate if this is a financially sound decision for you.

5. Be prepared to negotiate: Come to the negotiating table prepared with your research and what you can realistically afford.

Remember, while negotiating your mortgage rate is possible, it's not always guaranteed that you'll get the rate you want.