Most of the nation-leading lenders are all within 1/8 % difference in rate from each other.

WHY is that? It is because prices have become so competitive between lenders in winning or losing that same piece of business. No one wants to lose business because of the rate, primarily after they have invested so much time in processing that business. This is a case where competition has helped the Consumer. The bottom line is interest rates are determined by the same market indices for all banks. The most widely used is the current 10 Year Treasury Bond yields. So there are no secrets. Look at how rates have fallen over the last 30 years. Look how Mortgage Rates have mirrored the 10 Year Treasury. Now that you know this, you can always know where rates are.

Word of caution – Read the fine print! Often they are very misleading. They bait you in by using the assumption of someone with the highest FICO score, paying discount points upfront, using a 15-year term, and using an ARM (adjustable rate) rate VS a Fixed-rate as the advertised LOW rate, so don’t be fooled. IF you would like to know YOUR specific rate is as of today’s rates, we can assist you. Answer a few questions to the right, and we will be happy to promptly send you YOUR Lowest rate.