Mortgage Loan Interest Rate Comparison

Loan Comparison Site - Mortgage Loan Interest Rate Comparison

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Mortgage interest rates have been expanding in all areas of the country, according to a scrutinize by Best Syndication. The city scrutinize includes: Buffalo New York, Miami Florida, Dallas Texas, Chicago Illinois, Seattle Washington and Los Angeles California (see the link to the scrutinize below).

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Loan Comparison Site

The rates were based on a new home buy mortgage from 0,000 to 7,000. In last month's scrutinize on July 20th 2008 we found an median rate of 6.520 percent. This month it was higher at 6.718 percent.

We eliminated the national lenders like Quicken and Countrywide from our scrutinize because we wanted a local feel for the rates. In the past we have found that local lenders were normally lower than the national ones. In August of 2008 we found that for the most part, the national lenders were lower.

The Subprime mortgage disaster has affected the availability of loans. A person's credit history and capability to pay off the loan will weigh greatly on their chances of getting a loan.

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