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Mortgage Rate Update - Mortgage Interest Rate News

How easy to remain up to date with the latest mortgage interest rate news...

Best Mortgage Rates

Mortgage interest rate news from Freddie Mac's Primary Mortgage Market Survey...rates are relatively stable.

That's a relief because the last five weeks showed a trend of rising interest rates. This week leading up to 6/26/08, average US mortgage interest rates averaged 6.45%, almost identical to last week.

Keep in the know with this week's current home mortgage quote.

How To Get Low Mortgage Payments

Do you know that experienced homeowners use 10 techniques to guarantee low mortgage payments when they shop for a mortgage?

The first secret is to target what you want.

Before you contact a lender, list your preferences by order of importance. What's number one to you? Affordable mortgage payments? A long term 30 year fixed rate mortgage? The smallest down payment or the least closing costs?

A private setting where you are free of distractions will make the most of your phone call to a mortgage lender. But first, take a couple of moments to consider your goals before you call to ask about mortgage rates.

Note: Check here for this week's current home mortgage quote.

Watch for another rate update next week where I'll also cover the second technique...the importance of lining up your ducks.

Want a sneak preview? Take a look at the 10 best kept secrets to low mortgage payments.

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Discover Kate's Best Mortgage Rate Blog, an entertaining source of information. Kate knows how to translate the secret language of mortgage lending, making it easy for anyone to understand.

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