Current Mortgage Rates Today and Home Loans

Buying a new home is one of the largest purchases Americans make in their lifetime. Doing your part to make sure you keep costs low by finding the lowest mortgage rates today and being smart about which home loan you choose can keep you in the black.

Types of Mortgage Loans:

  • Fixed Rate Mortgage (FRM) or a traditional mortgage: 
    A fixed mortgage loan is a loan with an interest that does not fluctuate and remains fixed at the same APR during the life of the loan.
  • Adjustable Rate Mortgage (ARM): The mortgage interest rates of adjustable rate mortgages fluctuate at a regular interval and change based on current mortgage rates.
  • Hybrid Mortgage: Hybrid mortgage loans are a relatively recent development among mortgage lenders and their terms fuse the benefits of a fixed mortgage and an ARM.
  • More: Refinance mortgage loansRenting and Foreclosure.

If you've decided to work toward buying a home, you'll need to have a down payment prepared before seeing a mortgage lender. The down payment is essential in the home loan process, as it helps to secure the loan and can possibly give you an in to more competitive mortgage interest rates and offers. The general amount that borrower should save is at least 20 percent of the home price.

This amount may seem really high, especially for those who don't have an expanse of savings funds waiting to be spent, but keeping to this recommended down payment guideline can save you money in mortgage rates down the line.

Read more Mortgage Rates TipsMortgage Loan Reviews from GOBankingRates.

Take a strategic route to save money and educate yourself about various home buying options to make a sound financial choice overall.

Find the best mortgage rates in your region or state:

Best Mortgage Rates

Most Read Mortgage Rates Articles

Ent Federal Credit Union Mortgage Interest Rates Today at 2.875%

A 15-year fixed-rate option helps members pay off their new home affordably.

Read More »

Logix Federal Credit Union Mortgage Interest Rates Today at 2.750%

The smarter, low-interest way to buy a new home.

Read More »

How to Get Preapproved Fast for a Mortgage From Mutual 1st Federal

Mutual 1st Federal offers bargaining power with its mortgage loans.

Read More »

15-Year Mortgage Rates Today: Telhio Credit Union at 3.250%

Fulfill the goal of homeownership with a fixed, affordable mortgage.

Read More »

How to Help a Relative Who Can’t Afford His Mortgage

Providing financial assistance certainly helps, but it's not the only option.

Read More »

How to Refinance Your Mortgage in Phoenix to Save Money for the Holidays

GOBankingRates shows you how refinancing your Phoenix mortgage with Arizona State CU can help you save money before the holidays.

Read More »

How to Lock in a Fixed Mortgage Rate Before Phoenix Housing Prices Increase

GOBankingRates tells you how you can buy a home in Phoenix with a fixed-rate mortgage from Arizona State Credit Union.

Read More »

How Your Mortgage Is Saving You Money This Holiday Season Without You Realizing It

With rental prices in Scottsdale higher than the national average, buying a home is likely more affordable.

Read More »

Mortgage Loan Process

Not all financial institutions are created equal, as some mortgage lenders will tack on charges and mortgage points to get the most out of your hard-earned money. Taking a strategic route, however, can not only save you money in the short term, educating yourself about the various home buying options and current mortgage rates can help reinforce whether you make a sound financial choice overall.