How to get the best interest rate on your mortgage

Mortgage rates can change frequently, affecting home buying and refinancing decisions. When rates rise, buyers should act quickly and consider adjustable-rate mortgages (ARMs) for flexibility. Rising rates often create a buyer’s market with more negotiating power. In stable or declining rates, expect a seller’s market and get prequalified early. Refinancing options vary; a no-cost refinance analysis helps determine the best move. Trustworthy mortgage officers provide valuable market insights.