Interest rates tend to fluctuate on a daily basis, just as the indexes they are based upon do. If you’re in the market for a mortgage, always do a comparative shop on the day you are ready to lock in. Only then will you know if you’re getting a good deal. However, rates and total points are only part of a very important equation. Before ever locking into a loan, it is essential that you also compare the costs associated with your mortgage. Some lenders add in exorbitant fees. All loans have some fees associated with them. They should be minimal and you should never pay an application fee.

Due to frequent rate fluctuations, it is very difficult to keep the below chart accurate. For an accurate and up to date quote on any loan program, call owner Eric Smith for a free personal and confidential consultation and itemization of all loan costs.