Is it possible to get a 4% mortgage rate?
A clear, direct answer for borrowers comparing today’s rates to lower historical levels.
Is it possible to get a 4% mortgage rate? This question often comes up when borrowers try to understand whether lower-than-average rates are still within reach.
Answer
It can be possible to secure a rate near 4% under favorable market conditions and with a strong borrower profile, but availability depends on the broader interest rate environment. Even when average market rates are higher, some borrowers may reach the low 4% range by paying discount points, choosing shorter terms, or selecting adjustable rate products. Lenders also reserve their best pricing for high credit scores, low debt to income ratios, and substantial down payments. Use a calculator such as mortgageratecalculator.org to see how different rates affect payments, then ask several lenders for quotes, including options with points and alternative terms.
Run scenarios with our mortgage calculator to see how a 4% rate would change your monthly payment.
Visit the mortgage rate FAQ page to explore related questions about rates and affordability.