The current mortgage interest rate is plastered everywhere. Every lending website has it posted for you to see, and to lure you in. But where do you find the real current mortgage interest rate, the one that you will actually qualify for? Seem impossible? Not really. Most lenders will disclose right up front what their rates are and the credit score you need to qualify for their lowest current mortgage interest rate.

If the lender you are talking to doesn't seem to want to commit to an interest rate, go elsewhere. The rates change daily, not by the minute, so your lender should be able to give you a very close approximation of what the current mortgage interest rate is that you will qualify for. If your lender seems to flip flop or seems non-committal, you should be non-committal too. Find a new lender that will be up front with you about the current mortgage interest rate so you don't get a loan blindly.

Don't be shy when shopping for a loan. You should know what the current mortgage interest rate is and how it affects your payment before proceeding with the loan. If this or anything else is unclear to you, then you have to ask. Your lender won't have a problem if you aren't an expert in lending. After all, you're paying him to be the expert and that includes knowing what the current mortgage interest rate is!

You may be disappointed to hear that you don't qualify for the current mortgage interest rate. However there are a few things you can do to rectify this problem. If your credit is bad, then pay off a credit line or start making a few months of on time payments to help out your credit rating to help you qualify for the current mortgage interest rate. Don't shoot yourself in the foot though, if you see interest rates going up, you may not want to wait, what you feel may be a high interest rate now, may go up by the time you have improved your situation enough to qualify for the current mortgage interest rate.