6 ways to get the lowest rate on your next mortgage

To secure the best mortgage rate, focus on improving your credit score, increasing your down payment, and comparing multiple offers from lenders. A credit score of 760 or higher typically yields the best rates. A down payment of at least 20% can help avoid private mortgage insurance (PMI). Additionally, waiting for market rates to drop and considering a cosigner can also be beneficial. Always negotiate costs like interest rates and closing fees, and evaluate whether buying points is financially advantageous.