[toadyrock]

Mortgage was approved? Got a mortgage approved through the Connecticut Housing Finance Authority first time home buyers program for 5.625% two weeks ago, conventional loan was at 6.4% at the time.. Now conventional are falling like a rock.. 5.75%! we close on Sept 31, how can I get a lower rate? Can we? Our credit score is 780+ and we have 5% down.

[browneyedgirlx82]

once you close, you would have to refinance to get a lower rate.since you haven't closed yet, you should be able to pay points to get your rate lower right away. for example... i paid $1500 extra at closing to get my rate from 6.85% down to 5.5%.