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how do i follow the mortgage rate of a rural development loan? I am told that this is the best loan to go with considering…. but after Shopping around i am continually to get rates that are around 6ish instead of the 5.5% i am seeing at bankrates.com. I am told that this loan is higher considering i don’t have to put any money down and theres no PMI insurance….i Just would like to find a website that allows me to see what the rate is doing each day….Please help!

1 Thought on How to follow Rural Development Mortage Rates?
  1. Reply
    Noneya
    August 27, 2012 at 4:22 pm

    The first problem is with Bankrate, they advertise a national average rate that does not take in to account all of the various rate adjustments for things like score, loan to value and location. In addition USDA is not as well known or used as conventional or FHA.
    I have 5.5% for a 30 day lock as of Friday.

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