Freedom Mortgage personalizes mortgage rates for each individual homebuyer. We consider your personal finances, credit score, and the current mortgage market environment to determine a unique rate for you. As a result, we may be able to offer you a rate that is lower—or higher—than the rate you see advertised by other lenders. Call us today at 877-220-5533 and ask what rate we can offer you!

Freedom Mortgage considers your finances, credit score, how much money you want to borrow, and the type of loan you’re applying for (as well as its loan term). Better credit scores and/or a shorter loan term can typically lead to a lower interest rate.

We also consider the current mortgage market environment. The Fed Funds Rate (the interest rate at which depository institutions lend money to each other overnight) is set by the Federal Reserve Board. This rate has a big impact on the interest rates that lenders charge. Lower rates usually mean you’ll pay less interest. Keep in mind that mortgage rates can fluctuate daily.

Fixed-rate loans are loans where the interest rate stays the same during the life of the loan. The interest rate for an adjustable-rate loan changes over time, which means that your monthly interest payments could go up or down. Generally, adjustable-rate mortgages may have lower initial interest rates than fixed-rate mortgages. Learn more about fixed- and adjustable-rate mortgages.

Improving your credit score before you apply for a mortgage or refinance your home is one way to receive a lower interest rate. Paying for mortgage discount points is another way to “buy” a lower interest rate. When you pay for discount points, you’re paying a little more at closing in exchange for a lower interest rate for the life of the loan. The longer you plan on staying in your home, the more points could help you save on interest, over time. One mortgage discount point is equal to 1% of the loan amount. For example, on a $200,000 mortgage, one point for that mortgage would cost $2,000. Learn more about mortgage discount points.

Are you a current Freedom Mortgage customer? Our Eagle Eye program means that we’ll contact you whenever you might be able to save with a lower interest rate. Learn more about Eagle Eye.