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There are many factors that increase/decrease the interest rate on a mortgage, you know




The length of mortgage (usually 5, 15 or 30 years), fixed vs variable rate, the amount of money you put as down payment, your credit score, current debt and assets, current income and expenses

Your bank determine your ability to pay back by looking at your credit score. It is more risky to lend to someone with lower credit score/bad credit so they will charge your more for interest.

Most likely you will have to put a lot of money as down payment in order to get a normal interest rate

right now a 30-Year Fixed from well fargo is 4.625%

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