The mortgage lender I plan to use for my construction loan is showing the following rates.
30 year fixed is 5.90%
10/1 ARM is 4.75%
7/1 ARM is 4.60%
5/1 ARM is 4.50%
If I put down 40% or $100,000 can I negotiate a lower rate? I assume so, and if so, how much of a reduction can I expect to receive?