10/26/2026
You bought around the same time, have similar incomes, and somehow.... your friend got a better rate.
So, what gives?
Mortgage rates aren't always one-size-fits-all. Your rate can depend on several factors, including:
🔑Credit score
🏠Down payment
📋Mortgage type
⏳Term & amortization
💰Lender & product
The bottom line? Your friend's rate isn't necessarily the rate you qualify for and that's exactly why comparing your options matters.