The foreclosure prevention bill that’s now under consideration in the U.S. Senate isn’t the best answer to the challenges of today’s real estate and mortgage markets, FHA Commissioner Brian Montgomery told REALTORS ® at the 2008 NAR Midyear Legislative Meetings & Trade Expo. AThe bill, approved by the U.S. House of Representatives last week, would “federalize" the mortgage market, he said. When looking for the best mortgage rate, it is only natural that the first thing you need to concern yourself with is the rates. Lenders and brokers can provide you with a list of current mortgage interest rates so you can start choosing the best mortgage rate for you.
