Today's Mortgage Rates

30-Year Fixed Rate: 6.375% - 6.606%APR

5/1: 5.5% - 5.665%APR

The Lender with the Lowest Mortgage Rates

Unfortunately, some lenders have experienced severe losses due to the subprime mortgage crisis.  This has caused most lenders to drastically tighten the qualification process for fear of further losses. When searching for a mortgage lender, it is important to find one that not only provides the lowest rates, but also hasn't excessively tightened its lending standards because of the subprime mortgage crisis. We recommend ING DIRECT Orange Mortgage. They have the lowest rates available, an easy online application, and they do not charge any fees whatsoever to apply and receive an approval. Additionally they have not been as severely hurt by the subprime mortgage crisis and are still approving the majority of applications.

After you are approved, you will have the opportunity to lock in your rate for a period of 60 days. It is not until you give the go ahead that a $350 appraisal fee will be due. Until the time that you give the go ahead and order the appraisal, there are no fees involved whatsoever.