How much is a typical rate spread?I am interested in purchasing a 145k home using a 30year FHA with 3.5% down. The loan officer sent me a GFE with a note rate of 4.25% and APR of 5.735% I know a portion of this is because of the MIP. It seems as though the rate has been marked up excessively. i understand the loan officer needs to make some money as well and she is being very helpful but I don't want to overpay.December 09 2013 - VCU00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.