I just locked in 30 year fixed mortgage rate at 4.875%. The mortgage company tried to say our credit wasn’t good enough for that rate. The loan officer said that my credit was three points away from the 4.875% rate cut off. I tried to cancel the loan application so I could get our credit straightened out and then they decided gave us the 4.875% rate. I guess the mortgage companies are ready to start giving out loans again. This shows that you can negotiate anything, never take the first offer.