Current Home Loan Rates

Since the subprime mortgage crisis, American consumers have grown even more committed to intelligently securing loans. With the amount of taxpayer money which has gone into home loan providers, Americans have heightened their demand for not just access to home loans, but the personal ability to analyze current home loan rates.

Analyzing current home loan rates is like watching stocks or exchange rates—they change hourly, not yearly, not monthly, not daily. To that end, the only way to be really smart about your mortgage is to study the market and picking the right time to secure a home loan.

That brings us to the real question of this article: how can consumers look at home loan rates without becoming full-time brokers themselves?

Fortunately, the internet provides the means for consumers to access large portions of data that has already been packaged for them as tidily as it might be for a full-time accountant. Informative charts and diagrams litter the web, so that you too can make an informed decision about your mortgage.

Mortgage 101 provides a run-down of all the major mortgage types complete with a survey of rates, points, APR, and changes, all updated daily. Even better, users can click on the “trend” column for any loan to see how these rates have changed in the last week in your choice of state.

Interest provides a ticker of current home loan rates without the extra charts of Mortgage 101. This is only natural, as the focus of Interest.com is more on providing casual advice and news for those concerned with their finances and loan rates.

Meanwhile, Bankrate takes a third approach to home loan advisement, that of a free facilitator of home loan information. At Bankrate, consumers can quickly aggregate quotes from a variety of lenders while a carefully designed interface makes it easy to ask and answer questions about the process.

As with most topics, Google also has an application for comparing mortgage rates. Their no-nonsense interface assumes that you already know your way around terms like APR and credit ratings, or that you will Google it if you encounter a problem.

These services are the tools with which consumers can shape their financial outlook. With the skepticism toward mortgage lending in the late days of the financial crisis, the demand for accurate, well-organized information on current home loan rates is at an all-time high. In response to this demand, numerous web services have put their best feet forward to assist consumers in making smart decisions about their home loans.