Your use of this site constitutes your agreement to abide by our Terms of Use. The information we have provided on our website is for information purposes only and we provide no guarantee that it is correct, up to date, or complete. The information found on www.mortgage-resource-center.com does not constitute financial or legal advice in any way and is not a substitute for legal and financial advice from a qualified attorney, real estate professional, mortgage professional, or financial professional. DO NOT act upon this information without first consulting one or more of the aforementioned professionals. This website is kept current only as our time allows, and the information given here may not be current. The mortgage resource center provides NO PROMISES as to the accuracy nor currency of the information herein and you should not rely upon it.

This domain is for sale. Please contact

Current mortgage rates are one of your first priorities when purchasing a home. You will also need to know current rate information so you can access the impact on your income, credit scores, and the amount of mortgage for the home you want to purchase because a higher mortgage rate makes for higher monthly payments. Perhaps you are also looking at current mortgage rates because you would like to refinance the mortgage loan you already have on your home. Or maybe you need a second mortgage at a good current rate. Being aware of the current mortgage rates can help you to spend your mortgage money wisely and to make sure you are obtaining the best mortgage rates for your home mortgage.

Often when you call lenders to find out current mortgage rates, they will only give you the current rates their company offers. But how do you know you are receiving what is the best rate for you on your loan? Being aware of current mortgage rates and shopping around for the best rates you can receive is a smart way to ensure you get the best deal when obtaining a loan or refinancing a home.

The best place to first look for current rates is somewhere that offers objective mortgage information. Often times financial magazines and newspapers will offer objective rate feedback on the current daily, weekly and monthly mortgage rates. If you have time, browse through these mortgage related publications and compare the different perspectives on current rates. There are also valuable mortgage rate resources at local, state, and federal financial agencies, like the Department of Treasury or your local city hall. If these mortgage rate resources do not give direct information regarding current rates, they can point you to an agency that will be able to provide you with accurate information regarding the best current mortgage rates.

Once you have shopped to find the current rates, it is next important to shop around with different mortgage companies to see where you can qualify for the best mortgage loan with the best rates. Just because you are a good banking customer does not always mean you will get the most current rate at a particular bank. Different factors may influence the decision on home mortgage rates from bank to bank. For this reason it is important to find out at least a handful of current available rates and loan options from potential lenders.

It is important to remember that just because mortgage services point to certain average mortgage rates, you may be offered a different rate for the length of time you require a mortgage. Because many factors influence what rate you obtain, your rate may differ from current rates posted elsewhere. These factors include length of loan, current income, debt to income ratio, and your credit report scores. You may or may not receive what is considered the most current rates. More often than not, if you are asking for a longer loan, like a 30-year home loan, then the total interest you pay will be greater.

There are countless rate tools available to help you prepare to deal with loan companies. Reading about current rate information regarding rates will help you be more aware of what the mortgage companies offer you. Information is available in numerous published books, financial magazines, daily and weekly newspapers and even online.

Educate Yourself About Current Mortgage Rates



Browse this section:
Mortgage Rate Comparison Ideas

Second Mortgage Rate Comparison

Finding Best Mortgage Rates