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How to choose the best mortgage

The best mortgage type is the one that has the lowest total cost over the period that is the borrower’s best guess as to how long he or she will have the mortgage, provided that the borrower can afford the payment.

30-year-mortgage Rate Falls To 3.66%

The average rate for a 30-year fixed-rate mortgage fell to 3.66% in the week that ended Jan. 15, hitting the lowest reading May 2013, from 3.73% in the prior week, according to a Thursday report from federally controlled mortgage-buyer Freddie Mac .

Mortgage rates tumble

Average interest rates on fixed-rate mortgages fell this week to their lowest level since May 2013, Freddie Mac said Thursday.

Top 10 mortgage tips for 2015

After mortgage rates stayed surprisingly low in 2014, who knows how they will shake out in the new year? Either way, borrowers who want to refinance or buy a home have the best chance to get the lowest rate by knowing more, not less, about the mortgage game.