Shop around, and find the lowest rates yourself. Don’t rely on a single mortgage broker, who will promote the loan that he can make the most money for selling.
Second, check with Bankrate.com for near term rates. They have a consensus fore cast, but you need to navigate the site a bit to find it.[/quote]
Upon my 3rd purchase, I did not use a mortgage broker. Its as easy as doing a web search for low rates, and/or making a list of lending institutions and picking up the phone. Make sure you compare apples to apples when you make your calls (keep points and fees constant, and ask what the best rate is they can do). Its pretty easy. I locked down my interest rate after about 8 phone calls within an hour.
