Mortgage Finders Network
National Rate Averages

Mortgage Rates

Product Rate
5/1 yr ARM 3.147%
1 yr ARM 3.299%
15 yr fixed 3.221%
30 yr fixed 3.815%

Home Equity Rates

* Updated Jun 7, 2012

Mortgage Rate Calculator

Finding a lender for a new mortgage is as important as it is complicated. You could use the biggest lender in town or the bank that runs the most ads. But you want more than a familiar name: You're looking for the best possible deal from a lender that you can trust. You want the process to be simple and easy. It isn't of course - at least not without the right help.

However, the Internet can be an extremely valuable resource. The most important thing you want in the beginning of your search is information. A site like can be invaluable in your search for a mortgage lender. Unlike some websites, isn't a shill for a particular lender. Instead, the site offers plenty of helpful information, including a mortgage rate calculator and the very latest mortgage rates, and is independent from any specific lender.

Use the resources on the site to read up about the different types of loan programs available and how, for example, your credit score plays an important role in the quest for the lowest possible mortgage rates. One resource that should not be overlooked is a home loan calculator.

The best way to learn about the impact that lower or higher interests rates have on a 30-year loan, for example, is to run through all the scenarios on a mortgage calculator. It's always a good idea to be as informed as possible before you talk to potential lenders, and a mortgage loan calculator can make that happen. Is a 15-year fixed loan something that works for you? The best way to find out is to crunch the numbers yourself on a mortgage loan calculator.

What kind of monthly mortgage note can your budget handle? A monthly mortgage calculator lets you run through a number of different scenarios. Increase or decrease the down payment and raise or lower the interest rate. Each calculation, with the help of mortgage calculators, tells you whether a particular option is within your budget.

Another benefit of a site like is that it will do a lot of the hard work for you. After working over the figures with the mortgage loan calculator on the site, put in your information and wait for answers online from a variety of lenders. An online search for a lender makes much more sense than visiting one or two companies in town.

If you deal with only one or two lenders, it's hard to know whether there are companies out there that can beat the one or two mortgage offers you have. But by taking advantage of online resources, you get offers from five, six or more lenders. With so many offers to compare, the best deal should become readily apparent.

Remember that getting a mortgage loan or refinancing offer should not be a race. Take some time at sites like to work through scenarios with any mortgage calc available, and take advantage of the Internet to maximize your mortgage offers.