There really is no secret trick to finding the lowest mortgage rates available.  There is no special website nor is there one bank that will always have the lowest rate.

The simple and most honest answer is “comparison”…but remember to compare apples to apples.

Make sure you compare the interest rate and closing costs together.  Also, try to find out the term, type of program, and if this is for a primary residence or investment property.

Way to often do I hear people tell me they were offered 3.9%, when the current market rates are at about 6.0%.  Why is this?  Well, there are a variety of reasons for this 3.9% offer, but to get the lowest interest rates, you, the borrower, needs to ask the right questions.

Questions like, “Is this a fixed rate?”.  “Is this a 30 year or 15 year mortgage?”.  “What closing costs are included with this rate?”  “Is this rate for a primary residence or investment property?”

You see, there is no “special bank” that can offer an interest rate much lower than all the other companies out there.  If they are advertising something that sounds to good to be true, don’t be afraid to ask questions.  There will most likely be something behind the very low rate offer.

Now, my job is to do exactly that.  Compare interest rates and mortgage programs with some of the most well-known banks in the nation.  For example, Countrywide, Chase, CITI, etc.  I have access to their wholesale interest rates.  This gives people the peace of mind that we have found the best mortgage interest rates available.

Would you like me to help you with finding the best interest rates available?