conventional loan rates today and how to shop with confidence

What shapes today’s rates

When people talk about conventional loan rates today, they’re referring to prices set by lenders in response to market yields, risk, and competition. Your quote reflects more than headlines: credit score, down payment, loan term, and property type all nudge the final number. Even small changes can move the payment noticeably.

• Credit and DTI: Higher scores and a leaner debt-to-income ratio unlock better tiers.
• Points vs. price: Paying discount points lowers the rate; skipping them preserves cash.
• Lock length: Longer locks cost more; timing matters if you’re close to closing.

How to get a stronger offer

Ask each lender for a written Loan Estimate on the same day, then compare APR, total costs, and the break-even on points. If one beats the rest, invite others to match; many will.

Keep documents ready, avoid large new debts, and consider a shorter term if you can handle the payment. Above all, lock when the numbers meet your budget, and stay in touch so your lock doesn’t expire.