BiggerPockets

I am just looking for some website to look for the average mortgage rates in my area, so I could do some number crunching. I am just trying to overcome my first investment property.

Any rates you see published are going to be general. Most banks have websites where they post rates. There are national rates posted on the web, and often the local paper will run a chart with mortgage rates in the Sunday real estate section.

The rate you get is going to be very closely tied to your credit score. The rates that the banks publish are going to be the rates for their best qualified customers and you can expect to pay more as your credit score goes lower.

You can call banks and get a quote for their rates, but it won't necessarily be the rate that you will geet. They can't really tell you what rate you will be charged until they look at an application.

Typically you will not get the rock bottom prcing from the avg mortgage broker, due to the fact that they charge you a servicing pt that increases your rate. Your happy casue your closing cost are much cheaper, the loan officer is happy cause the servicing point, and the lender is happy cause of a higher interest rate.

Makes you think!