Best Mortgage Rates
Picking the right lender is a step you need to nail before you buy. The rate you lock shapes your monthly payment and the total cost of the loan for decades — shopping around is worth real money. On average, comparing lenders saves about 0.5% on your rate.
Compare today's mortgage rates
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What to look for
- Interest rate. It drives your payment and total cost — compare it across several lenders, not just one quote.
- Loan options. Make sure they offer the type you want: 30-year fixed, adjustable-rate, FHA, and so on.
- Fees and closing costs. Read the fee structure so nothing surprises you at closing.
- Customer service. Reviews and word-of-mouth tell you how responsive a lender actually is.
How to choose
- Research online — compare rates and read reviews.
- Get preapproved before you start house hunting.
- Ask detailed questions about terms and the process.
- Trust your instincts — the rate matters, but it isn't the only thing.
When to start
Start researching lenders and getting preapproved well before you house-hunt. Even after you find a place, it's still worth shopping around — the mortgage process takes time, so give yourself room.
Rates and terms change — verify with the lender before deciding.