Mortgage News And Education

by Jaynee Williams
(Washington DC)

Mortgage news and education: Note from Kate -- This is one reader's approach to mortgage rate lock who suggests self-education and resources for homeowners. If you are shopping for a house, read what you can do to improve the chances of getting your best mortgage rate before you lock.

Mortgage News And Education

Hi Kate, This is a very common situation that some borrowers find themselves in. I believe the best thing to do is to switch lenders if you find one offering a lower interest rate.

I wouldn't worry too much about the mortgage broker that brokered the original loan. If he or she is a professional they know people refinance all the time in order to get a better rate.

So, how can borrowers avoid the headache of going through a scenario like this. They must be aware of the current economy. They can do this by reading a variety of material that can give them an idea of which way things are going as far as interest rates are concerned.

The Wall Street Journal and the financial section of other newspaper often discuss interest rates and mortgage news that can affect them. In addition, television shows such as CNN Money provide good information on the current economic climate and how it may affect interest rates.

After garnering information from different sources, it won't be long before you'll recognize the indicators that will make interest rates rise or fall. --Jaynee

Kate Answers: Mortgage News And Education

Hi Jaynee, I like your emphasis on self-education. The more homeowners stay up to date on mortgage news, the better equipped they are to save money.

Ultimate Mortgage News is a great way to stay on top of what's new in the world of mortgage lending. Of course, all of my information is free.

I hope you'll invite friends to comment on this page. Please come back to contribute again in the future.

Best Wishes,




P.S. Go to my Best Mortgage Rate Blog, an entertaining source of mortgage information. Subscribe now to the RSS feed.

Riveting Fixed Rate, Hybrid and Adjustable Rate Mortgage Help

Assure yourself of the lowest fixed payment possible with this best fixed rate mortgage yet pay it down as quickly as you like.

The 15 year fixed rate mortgage will save you thousands and thousands of dollars in interest over the years. Plus you'll be mortgage free after 180 payments!

What would you do with an extra $87,789? Meet the 20 year fixed rate mortgage.

Introducing the 25 year fixed rate mortgage combining the security of a 30 year fixed home loan enhanced by a slightly lower interest rate.

I've heard it referred to as boring but I crown the 30 year fixed rate mortgage King Of Mortgages!

The 40 Year Fixed Rate Mortgage - When fast mortgage pay offs may not be for everyone.

Are adjustable mortgage rates good or bad? It all depends on your circumstances.

Imagine what it would be like if you could plan for changes to your adjustable rate mortgage.

If the cheapest fixed rate mortgages will save you money, why pay for more?

Come on Kate! Aren't interest only mortgage loans just hidden adjustable rates?

Ask Kate About ARMs - Ask a question to get an answer from Kate about mortgages that adjust.

ARM Ask And Answer - Questions about adjustable rate mortgages, each with a individual answer from Kate

Return from Mortgage News And Education to Get Your Best Mortgage Rate

The information you obtain at this site is not, nor is it intended to be, a substitute for financial, real estate or legal advice. You should consult an attorney, accountant, lender or real estate agent, as applicable, for advice regarding your individual situation. Comments and opinions found here are not necessarily those of Get-Your-Best-Mortgage-Rate.com