I will be closing on my first home in March 2021 and started researching on mortgage. Is there any recommended website that says what today’s exact mortgage rate is ?. All websites I checked has APR’s banks would offer. Essentially I’m trying to find what possible range I could end up with my score of ~750. Also, should I shop for mortgage and PMI separately to get lesser PMI. Paying down 5% off $465k home, makes PMI as $341 per initial estimates i was offered. Looking for some guidance. Thanks

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Your PMI is probably a high estimate. Just bought a 455K home with 5% down and PMI ended up being around $85 a month. Go with a local lender as they usually have competitive rates and will make the closing process as smooth as possible. Sellers tend to prefer lenders with a great reputation.

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I can’t speak for anyone else. I talked with my realtor. She connected me with a few mortgage brokers. I decided to move forward with the one I was most comfortable with and seemed to understand my needs.

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Yup I did the same thing. My buyers agent connected us with their favorite local lender and they were great. Used them for my refi this past spring.

Published rates are good, but probably not what you’d get once you build an initial relationship with loan officer.

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Same as above, used a lender recommended by my realtor and have also refinanced with him and enjoy having a reliable relationship. Is that PMI for the year? If so, I would say that's really good. If that's per month, that's insane.

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Same as above, except I also sought a second opinion from another lender and then played them against each other for the best rate. Was able to get lender credits against the closing costs and a lower PMI than expected. Mortgage companies want your business and will be open and willing to try to beat another lender out.

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Helpful thread, thinking of purchasing a home within the next six months

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