Today's Mortgage Rates

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As a prospective mortgage borrower, you have to ask and answer many questions while hunting for the lowest rate mortgage or mortgage refinance in Wisconsin. Chances are that you'll need to learn some new words and concepts as you prepare to make the best decisions about your financial future. If you've found yourself wondering what a HELOC is, or what could possibly be meant by 3/1 or 2/28, rest assured that can help you find the answers. Click on's news and advice page to learn all about mortgages, refinancing, consolidating debt, tapping your home equity, and more. While you're there, take a look at current mortgage interest rates or request a personalized quote. Link over to the mortgage calculators to learn more about 3/1 adjustable-rate mortgages (ARMs), or visit the Wisconsin broker directory to find a few lenders who can personally assist you.

Interest Rates

Knowing some basic rules about mortgage interest rates can help you to find that low rate mortgage quickly. The rate that you'll be offered by a lender depends on three main factors: how risky you are as a borrower, what's happening with the overall economy, and what type of loan is being offered. When you are perceived as more risky, your rate will be higher. When the banks have to pay more for their funds because the economy is tight, your rate will also be higher. Interest rates associated with particular loan types are a little more difficult to predict, but two rules usually hold true. One, shorter loan terms have lower interest rates than longer ones; and two, non-conforming mortgage loans have higher rates than conforming mortgage loans. Non-conforming mortgages are those that don't meet certain standards set by the federal agencies that back the U.S. mortgage industry.

Bad Credit Mortgages

If you have spotty credit, obtaining a mortgage or mortgage refinance in Wisconsin can be particularly challenging. Unfortunately, some subprime lenders, also known as bad credit lenders, have a reputation for putting borrowers into very aggressive loan programs. You can protect yourself by interviewing several lenders and by analyzing your loan options in detail. For example, if you're offered an ARM, use a mortgage calculator to determine how high and how fast your interest rate might go up.


Wisconsinite or Cheesehead, you're still entitled to find a great deal on your mortgage loan. The trick is to shop around and compare.

If you have a mortgage calculator handy, comparing mortgages can be a relatively straightforward process.'s calculators are designed for a variety of tasks, including comparing fixed-rate mortgages (FRMs) to ARMs, and determining how much home you can afford. The real work is collecting enough offers to compare. You can pre-qualify with lenders to get a rate estimate, but you really should fill out several no-obligation loan applications to receive full-fledged mortgage quotes with temporary rate locks. See the Wisconsin broker directory for lender contact information.