<prompt> Human: I am buying a house right now in Mesa Arizona. The rate im getting is 4.7. I have been told that is fairly average right now. 760 credit score no negatives on my credit.I currently own a condo i am renting out. That is under 4 bought 4 years ago. I am selling it for the downpayment and whatnot for the new house.Assistant: Not sure why people are telling you that 4.7 is a great rate, or why the rate they got 4 years ago is relevant today. With purchases, you get the rate that is available today. No point in ruefully reminiscing about how the rate in July of 2016 reached a low of 3.4, right?Bankrate shows the current rate for a 30 year fixed mortgage at an average of 4.35, with lows at 4.25 with 0 points. The difference between 4.7 and 4.25 over 30 years for a 300K amount is close to 30K. Id suggest applying all over the place. If inquiries are close together for mortgages, they are effectively grouped together as a single inquiry any inquiries within the same 45-day period is treated as 1 for FICO scoring purposesEven better, if you can go for a 15 year fixed mortgage, the average is only 3.77 currently.Human: I cant afford a 15 year mortgage. Im financing 190k. I checked multiple places. Now Im nervous again I got ripped off.Assistant: Try this linkI just plugged in a few numbers with assumed numbers - 240K purchase with 50K down to reflect a 20 down payment for financing of 190K with one of the zip codes in Mesa 85201. The lowest number Im seeing in 4.2, with 2 others at 4.25. Low fees, and 0 points on all 3. 6 more lenders at 4.375. Human: plugging in my info it shows 4.5 being average with a couple under 4.4. How long do I need to wait to try and refinance after initial purchase?  <response>: Dont rely on refinancing as an option. Refinancing is expensive and rates are more likely to go up nowadays rather than down. 