It depends on the qualifications of the borrowers: You have to look at your
situation based on income, Fico scores, how long have been at work,self
emplayed, how much downpayment to put down. At least call 3 banks to make
comparison on the rates because all banks the different guidelines when
it comes to loan. Good Luck..

I would also compare the good faith estimates from the banks, which is an estimate of the costs and expenses associated with the home loan so borrowers have the ability to shop and compare the fees of one loan to the fees of another, to arrive at a informed decision on the cost of the loan. Two estimates might be the same rate or one higher and one lower, but then they might get you in the amount of closing costs.

Hi Greg, these are typically "best case scenario" rates meant to entice you to get on the phone and call.

There are 26 criteria that must be known before quoting a reliable rate, as listed on page 2 of this document:
http://docs.Steven-Anthony.com/RateShopping-DoItRight.pdf

Best, Steve