How to Find Low Interest Rates 30 Year Fixed Mortgage

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Finding a low interest rate on a 30-year fixed mortgage is best done by consulting with a financial adviser or credit union who can compare interest rates between many different lenders. Find out how to get the lowest interest rate possible with advice from an experienced mortgage broker in this free video on personal finance.

Part of the Video Series: Mortgage Information
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Video Transcript

Hi, this is Matt McKillen, with Innovative Financial Group. I had a ques question posed to me today, how do you find the lowest thirty year fixed mortgage rates? I'd say probably the best place to start is go to the financial advisor that you may have done your last mortgage with, whether it be a mortgage broker or banker, and and you know, get an idea what what his IDO rates may be. If you belong to a credit union credit unions are typically good for extremely low rates. Matter of fact, I've seen them eat beat out many of the Fannie Mae and Freddie Mac programs, because of the fact they lend their own money, and if you're a good client with them they'll generally give you a great rate on their mortgage also. A lot of the local newspapers will actually have a mortgage rate section in the financial part of your newspaper, your community newspaper where they will compare different lenders rates based on a certain loan size, and it it may be on a weekly basis, but it does give you a snapshot. Another great place to look is on Freddie Mac's website. Freddie Mac does give a shot, a a snapshot of interest rates based on regions in the country, whether it be in the southeast, or northeast, or the west coast. But, with with all of these different options available you should be able to really kind of get a good grasp on where the best mortgage rates are, and who's giving them. Thanks for asking. My name is Matt McKillen, with Innovative Financial Group.

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