Yes! You can negotiate mortgage rates with your lender. Many first-time homebuyers don’t know this. This is easiest to do when you’re in the shopping-around phase. You can get multiple rate quotes and sometimes use a lower rate as leverage with the lender you want. If you’ve already locked and rates fall, you might still have room for negotiation. Lenders invest time and money in setting up mortgage applications, and they lose out if borrowers bail. So they may be willing to work with you. It’s worth an ask.