4% 30 yr fixed is on the board

For the first time ever, I am seeing 4% 30 yr fixed on rate sheets. It is not cheap; as it cost close to 2 discount points, but it is attainable. 4.25% fixed can easily be had today with about 1 discount point paid upfront and 4.5% is available for top end borrowers with zero points upfront. Have some credit issues? Check out FHA mortgage rates, the credit restrictions are not as tight and you can get 4.5% fixed with a score of 660 or greater and a loan to value up to 96.5% for an FHA purchase.