While it’s not the ONLY important factor, the interest rate is the main thing that people look at when shopping for a mortgage. You already have to pay for your home, so what is the point of paying the bank more than you have to? For how to get the lowest interest rate possible, check out this cool trick by Kate Dore at Magnifying Money:
The Consumer Financial Protection Bureau (CFBP) has a helpful tool to compare interest ratesfrom actual lenders who update their information daily. This enables you to often find lower rates compared to other, similar tools. Simply enter your credit score, state, home price, and down payment percentage to view a graph of lenders and the interest rates being offered in your region.