How to Uncover the Lowest Mortgage Rates

Mortgage rates are in a nosedive right now.

Rates have dropped almost a full percentage point in the past month. You can save a lot of money over the life of your loan if you refinance now or lock in a low rate on a new mortgage. But to get the best rates available, you may have to negotiate with your loan officer. Here are a few tips on where to find the information you'll need to get the best rate possible.

Check online: Each week, BankingMyWay.com's mortgage section lists the national averages for interest rates on the most popular types of fixed-rate and adjustable-rate mortgages. While a dip in the national average may not mean your lender is dropping its rates, it certainly gives you the chance to ask why it isn't following suit. ...