Today's Mortgage Rates

Product (Rate Program)RateAPR
No Data


You may have many questions as you prepare to make the right choices on your mortgage loan financing. Do you wonder where you can find Iowa's best rate, where you can locate Iowa lenders, what interest-only means, or how a rate can be fixed for a limited time? These are all valid questions, and you can find trustworthy answers at If you're the research type, browse article titles, or look up those mysterious terms in the glossary. If you prefer to be more hands-on, go straight to the mortgage calculators and start crunching numbers. Use the posted interest rates to estimate how much loan you can afford. You can also request personalized quotes to compare, or you can contact lenders directly for more precise mortgage loan information. Please see the Iowa broker directory for a list of qualified local lenders who can help.

Mortgage Rates

In Iowa, mortgage interest rates depend on several factors. The current economic trends dictate where rates are, generally speaking, but your qualifications and the circumstances surrounding your loan are also influential. For example, if you're perceived as a relatively risky borrower, your rate will be higher. The same will hold true if you're requesting a non-conforming mortgage. (Non-conforming mortgages are loans that don't meet the standards of Fannie Mae and Freddie Mac, the two main entities that support mortgages in the U.S.) These standards address the total loan amount, the total requested mortgage amount relative to the home's value, and the applicant's debt and income profile.

Bad Credit

Despite previous credit problems, you can obtain a mortgage in Iowa. Realistically though, finding that bad credit mortgage loan may take extra research. There might be some subprime lenders that don't have your best interests in mind. But that's alright, because you have access to the information you need to protect yourself. First, make sure you shop around. Second, review all loan quotes very carefully, particularly the terms for adjustable-rate mortgages (ARMs). You need to be entirely comfortable with the prospect of rate and payment increases over time. It isn't a good idea to assume that you can refinance a mortgage just before the payment goes up; the climate for refinancing is heavily influenced by economic cycles, which are tough to predict.

Comparing Mortgages

Finding a low rate mortgage in the Hawkeye State is a realistic goal, whether you're buying farm property or refinancing your homey condo. You can start shopping by requesting personalized quotes from several lenders. These, unfortunately, are just estimates. To get full written quotes with temporary rate locks, you will need to submit loan applications. It's tedious work, but worth the effort. You can find qualified lenders to contact in the Iowa broker directory. Once you start receiving your quotes, set time aside to compare them using a mortgage calculator. has calculators that can run a variety of scenarios to help you choose the best mortgage loan.