Securing a lower rate in this market is possible when using a seller buydown.

This is where we, the lender, ask the seller, for concessions to buy down the interstate rate on the loan. We are then converting the concessions into discount points. A discount point is a closing cost a lender can charge to obtain a lower interest rate. This cost is usually 1% of the loan amount and can be paid by either the buyer or the seller. 

If you are a buyer, this could help lower your payment and possibly help you qualify for a loan for which you may have previously been denied. 

Home prices are not going to drop in the foreseeable future, so today is the lowest price that house you’re looking at is ever going to be. Consider negotiating with the seller to by down your rate and get into the home you fell in love with.