How to Find Current Mortgage Rates
Check the websites of the banks and credit unions in your area., Use a mortgage-shopping website., Check your local newspaper., Contact a mortgage broker.
Step-by-Step Guide
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Step 1: Check the websites of the banks and credit unions in your area.
Nearly every lender has a website, and most list interest rates for the types of mortgages they offer.
Some also have calculators available to help you determine what your monthly mortgage payment would be at a particular interest rate or determine whether refinancing your current mortgage is a cost-effective option.
Many financial news and real estate websites also offer these tools. -
Step 2: Use a mortgage-shopping website.
A number of websites are available to help you compare mortgage rates.
Most are updated constantly to ensure that you have the latest information available. , Many newspapers print mortgage rates from local lenders periodically.
They can usually be found in either in the business or the real estate section. , Brokers will contact a number of lenders on your behalf to find those which ones are interested in lending to you.
However, since they're not necessarily obligated to find the best deal available, it's wise to use multiple brokers to shop around and then compare results.
Be sure you ask about the fees (if any) when using a particular broker. -
Step 3: Check your local newspaper.
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Step 4: Contact a mortgage broker.
Detailed Guide
Nearly every lender has a website, and most list interest rates for the types of mortgages they offer.
Some also have calculators available to help you determine what your monthly mortgage payment would be at a particular interest rate or determine whether refinancing your current mortgage is a cost-effective option.
Many financial news and real estate websites also offer these tools.
A number of websites are available to help you compare mortgage rates.
Most are updated constantly to ensure that you have the latest information available. , Many newspapers print mortgage rates from local lenders periodically.
They can usually be found in either in the business or the real estate section. , Brokers will contact a number of lenders on your behalf to find those which ones are interested in lending to you.
However, since they're not necessarily obligated to find the best deal available, it's wise to use multiple brokers to shop around and then compare results.
Be sure you ask about the fees (if any) when using a particular broker.
About the Author
Andrew Edwards
Specializes in breaking down complex DIY projects topics into simple steps.
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