Lenders! Share with us those magic numbers!

[Daniel Y.]

We all hear about those great rates being advertised on TV, the radio, and those annoying ads on any social media platform because EVERYONE is tracking you. You hear or see the "30 years fix rate at 2.75%! Call now!" or something close to that.

Given that rates will vary depending on so many factors, such as credit score, DTI, etc. I would like to know, and I am sure many other people would like to know as well, what factors will give us the best rate?

What do I mean?

I know borrowing at a 60% LTV will give you a really good rate. Are there any other points between 60% and 80% LTV that will trigger a different rate tier? We know borrowing over 80% will trigger getting PMI for conventional.

Can you trigger a better rate if you borrow less than 60% LTV?

What about loan amounts? I know a lot of lenders do not lender under 50k and if you go into the jumbo loan range in your area, the rates starts going up. So what is that happy number that will work best nationwide? 200k, 300k, 400k+?