Low Mortgage Rates Still Possible to Get?

Low mortgage rates are something that seems in the distant future to many financial analysts.  All you hear on the news is that mortgage rates are going up, up and away.  What many media outlets fail to portray is the fact that mortgage rates are still at historcially low levels.  If many home owners were offered a rate of 5.3% several years ago they would have taken it in a heartbeat with no questions asked.

Unfortunately, human psychology has a lot to do with “what have you done for me lately?”  Well, lately mortgage rates have been well below 5% and many home owners got to refinance at rates truly unheard of.  Now that rates are back above 5% and likely to head higher, are low mortgage rates still possible to get?  Well, if you have a strong credit score and have been smart with your money, I would say YES!  You can still get mortgage rates well under 6% and the government is still doing everything they can to help home buyers out.