Someone called the last week or so the 'eye of the storm.' The calm, rate dropping part of the storm. Rates have started to move back up on us. I locked everyone I know in last week, and I am glad I did!
Rate graph since the beginning of April. Red is bad, green is good.
I always tell people that they can have any rate that they want. I priced this scenario with no extra cost for the rate, and no lender credit. If you wanted to pay about 1% of the loan amount towards a discount in the rate, you'd be looking at 4.500% (4.647% APR).
Each scenario will be different. Please let me know if you'd like me to run a scenario for you!