Home Mortgage Interest Rates

My site has current rates updated daily. Scroll to the bottom of the page.

http://www.lenderhomepage.com/content/te ...

http://www.bankrate.com

This site monitors the rate of home mortgage interest. Nothing sold on the site. This is not the site of Mortgage Brokers. This is exactly what you want.

well its just "the cost of money" ... It is derived from the federal funds rate, which is the reduced rate that banks borrow from each other ... Your rate will be higher, but this will give you an idea ... For example, since the interest rates should be cut at any moment now .... mortgage rates will decline because the U.S. dollar is worth less.

Do not bankrate.com rates are lower than what you get in the market.
Lenders should just try to get a phone call from someone and you most likely do not get that rate, or they have hidden fees. Lenders and brokers pay to be on the site so there is no free ride.

Check this out, it is Freddie Mac

http://www.freddiemac.com/dlink/html/PMM ...

This appears weekely and gives you an idea of where rates are, the rates are actually better than what is indicated here, but it is a survey that just came out weekely it does not considered when the rates are today but where they during the week.

I work as a representative for one of the largest mortgage banks in the country. Our rates vary sometimes 2-3x per day. So programs / guidelines change often (especially lately with the credit crisis on Wall Street). Various factors are taken into account when giving you "quote" that you wish to ask the lender or broker purchases in your name. To get a general idea, you can visit Web sites like bankrate.com or look in the business section of your newspaper or the Wall Street Journal. They publish "average" rate for a 30 year for various lenders.

However, if you not fit the profile "or have other concerns (lack of income documentation and Assets, gaps in employment, etc.). Even if you" found "a great rate when you got your application with and "locked" rate probably move up or down. In addition, the lenders charge different fees that affect the APR. They rate list for your typical single family residence, but not for a condo ( Hi / low height), or other property types. In addition, different LTVs (loan to value, based on assessment) are accompanied by different rates. The rates vary from state to state so.

Find out what your home is worth contacting an appraiser or use sites like zillow.com for an approximate value. Then call a couple of local brokers (tell them you shopping) and request a quote. They will provide a GFE (good faith estimate) from which you can compare offers.