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One of the most common questions that people ask is “what are mortgage rates at today?” Here is a simple list of lenders in your area and what their rate is today. Start by getting your free mortgage rate quote today:
Today’s Mortgage Rates: Always Changing
One of the things that many people don’t understand is that mortgage rates are always changing – sometimes multiple times each day. So if you are just picking up the phone and asking a lender “what is your rate today?” and thinking that is actually the rate that you will get when you close your loan, then you might be surprised to learn that often the rate you get when you close will be different than the rate you were first quoted.
Because today’s mortgage rates aren’t the rate you will get unless you actually lock in your loan today. Locking in your loan means that the lender is committing to giving you that rate when you close. Most lock-in terms are for 30 days with most lenders, but many lenders will have different lock periods that you can choose from when locking your loan.
The other thing to be aware of is that sometimes you will be quoted a different rate for the same program by two different loan officers at the same lender. This happens because often lenders will allow loan officers to set the rate that they quote their customers within a range. So if you get quoted two different rates from two different loan officers at the same company – one of them isn’t giving you the best possible rate.
Mortgage Rates: How To Get The Best Deal
Because of the many problems of getting the best rate (for example, getting different loan officers at the same company quoting you different rates), one thing that you can do to ensure that you get the best deal is to shop around. Shopping multiple lenders and getting multiple rate quotes will help you make sure that you are getting the best possible deal on your mortgage. Getting your rate quote in writing is also important – be sure to get your quote in writing from your lender who can help you get this done easily.
Start by getting your free mortgage rate quote today – right here!Ask our lenders about your mortgage options today.