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6 Steps to Get the Best Mortgage Rates This Spring

If you've got the itch to ditch your landlord and take the leap to homeownership, mortgage rates are still low by historical standards. Rents have been rising and rising,” says Lawrence Yun, chief economist at the National Association of Realtors. The NAR expects 30-year, fixed-rate mortgages to average 3.80 percent in the first quarter.

740 credit score is mortgage sweet spot

Today's lowest mortgage rates and fees go to borrowers with credit scores of 740 or higher. This is a change from a few years ago, when a 720 credit score was good enough to merit the best deals. The fees are higher for borrowers with credit scores of 700 to 719, and they continue to kick higher for every 20-point drop. “What used to be great is now only good,” says mortgage broker Todd Huettner …

Mortgage rates for Feb. 26, 2015

Mortgage rates move in anticipation of fed interest rate moves, not in response. So, any change in the outlook for what the Federal Reserve may or may not do can have a pronounced effect on mortgage rates.