Find the Right Home Loan at a Great, Low Rate

Current Rates (as of 01/31/2006)		These national rate averages are a good place to start in your effort to find a great interest rate on your next home loan. But, don't stop here. Read on to become a more informed home loan shopper!
30-yr Fixed Conforming	5.83%
30-yr Fixed FHA	6.26%
30-yr Fixed VA	5.82%
15-yr Fixed Conforming	5.43%
5/1 ARM Conforming	5.35%
1-yr ARM Conforming	4.50%
1-yr ARM FHA	5.66%
Notes: Above rates are national averages of quotes from 700+ lenders; Conforming loans are conventional loans with balance under $417,000 - jumbo rates apply on higher loan amounts and are typically somewhat higher; FHA and VA loans are loans insured or guaranteed by the federal government - these programs protect the lender from default by the borrower but do not protect you (the borrower) from foreclosure or default.

Do you want to get a great deal on your next home loan? It's a rhetorical question -- the answer is obviously "Yes!"

But the mortgage business is a mess! You've heard all the ads, haven't you? The old saying that "The first liar doesn't have a chance" applies to the lending business right now. Lenders are engaged in an all out battle for your business and this leads them to make more and more outrageous claims in a desperate effort to get your attention. How's a consumer to make any sense out of all the claims and counter claims?

Well, Mike can help. Check out his Insider's Guide to Home Loans to see how you can be assured of getting the best deal on your next mortgage.