Mortgage rates are as volatile as the stock market. It’s no wonder, since they are related to one another and the current spending habits of Americans. Finding the most up-to-date mortgage rates is easy when you use the Internet.
Using Yahoo! Finance
Point your browser to the Yahoo! home page, then click "Finance" and then the "Loans" tab.
Click the mortgage duration you are interested in under "Today’s Rates" at the top of the left tool bar.
Select your state and metropolitan area.
Choose the type of loan and general conditions—30 year fixed, 15 year fixed, 1 year arm, 30 year fixed jumbo, 5/1 ARM, 5/1 jumbo ARM, 3/1 ARM, 7/1 ARM, 10/1 ARM, 15 year jumbo, 20 year fixed, 10 year fixed, 3/1 interest-only ARM, 5/1 interest-only ARM, 5/1 interest-only jumbo ARM, 3/1 interest-only ARM, 7/1 interest-only ARM, 1 year jumbo ARM, 7/1 jumbo ARM, 7/1 jumbo interest-only ARM or 10/1 jumbo ARM.
Click “Get Rates.”
View the rates that are available and the lenders that are offering those rates.
Go to the BankRate homepage (see link below).
Click on “Compare Mortgage Rates in Your Area” under the "Mortgage" tab on the right of the screen.
Select your state, then click "Next."
Choose the nearest city, then click "Next."
Enter the potential loan amount, then click "Next."
Pick the loan mortgage term you prefer, then click "Next."
Select the points you are willing to pay for a lower rate (this is essentially spending money to save money and is often discouraged), then click "Next."
View lender rates and terms.
Select the deals you’d like to compare side-by-side by clicking the boxes next to the lender name, and click "Add to Comparison."
Change the terms by clicking one of the links beneath the tabs across the top of the window.