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Lower your debt-to-income ratio: Also called DTI, your debt-to-income ratio looks at the total of your monthly debt obligations and divides it by your gross income.This will depend on the type of mortgage you apply for, but sometimes, putting down at least 20% could get you more attractive rates.

Increase your down payment: Most lenders offer lower mortgage rates for those who make a larger down payment.

It’s a good idea to review your credit score to see how you can improve it, whether that’s by making on-time payments or disputing errors on your credit report. The higher the credit score, the more likely a borrower can get a lower rate.

Raise your credit score: A borrower’s credit score is a major factor in determining mortgage rates.