Please use Subprime Blogger to get your mortgage rate predictions.  There are also several articles available on getting low mortgage rates which, in turn, could save you a great deal of money.

UPDATE: July 4th – The most recent article on the best fixed rate mortgage is available here: Fixed Rate Mortgage – What Rate Can You Get? Getting the best fixed rate mortgage takes some time and effort when it comes to research.  Do not let mortgage lenders dictate what mortgage rate you get because you have not done your homework.  Let Subprime Blogger help you get the mortgage rate you want.

The best fixed rate mortgage available to you is determined by your current financial situation.  There are 40, 30, 25, 20, 15 and 10 year fixed rate mortgages available.  Obviously the lower the number of years, the higher your payments are going to be.  The good thing about getting a lower amount of years on your fixed mortgage rate is that you will pay MUCH less in interest.  Not only will you pay less because of the length of the loan, you will also pay less because the mortgage rate that you get will be much lower than those of a 30 or 40 year fixed rate mortgage; usually .5%.

The best fixed rate mortgage you can get is the one with the shortest amount of time and the lowest interest rate but unfortunately many Americans cannot get that mortgage in the current economic environment.  It has been drilled into the head of most Americans that getting a 30 year fixed mortgage rate is the only way to go.  Unfortunately, many people believe that.  I have friends and family who thinks there is no other option.  Little do they realize that they could save tens of thousands of dollars over the course of the loan.

With the current mortgage rate trend being tested to the upside, now would be a great time to get a shorter term mortgage rate to lock in at a much lower rate.  If you have been smart with your money, I would suggest you do this sooner rather than later because it is likely that we are going to see higher mortgage rates in the very near future.