The lowest rates are not always the best options or even available options!
Did you know that not all mortgages are created equal and not all rates are available for each individual?
What does this mean?
Interest rate is dependent on down payment, credit score, amortization, closing date and lender.
Once we can get to the bottom of your individual specifics, we need to discuss the rate and feasibility itself. Some lenders will restrict their mortgages and in turn provide a heavily discounted interest rate. This is called a restricted mortgage.
The standard mortgage will have no restrictions and will have so-called privileges tied to it such as pre-payment capability, standard exit penalties if selling, no bonafide sale clauses and no surprises.