[caption id="attachment_10914" align="alignnone" width="760"] Mortgage Rate[/caption]
The interest rate on a mortgage loan you pay to borrow that money when buying a home.
The lower the rate, the better.
Mortgage rates vary daily, so you don't have any particular rate until the lender "locks in the loan" securing that rate for your home purchase.
The rate you qualify for is based on your personal financial situation and the type of loan you are applying for.