Home mortgage rates have been falling all year, but qualifying for a home loan is more difficult than in the past because mortgage companies have added new requirements.
If you're considering purchasing for a new home, you figure it must be less expensive to buy now than when rates go up even further, assuming housing prices stay strong in the near term, something economists expect will happen. That may be the only thing you can be sure about.
But finding the best type of mortgage for your situation can feel a little like finding the perfect ecru in a sea of beige.
It doesn't have to be that way. If you ask yourself the right questions, you at least can narrow your search to the best category of mortgage for which you need to comparison shop.