Current Rates See what current rates are today. Rate Alert Be notified when rates hit a certain level. Rate Quote Get a rate quote from a mortgage professional. Several Factors Affect Your Mortgage Rate Learn about all of the different factors that can change the interest rate of a mortgage. Annual Percentage Rate (APR) The true cost of the loan to the borrower expressed in the form of a yearly rate. Lock In Your Interest Rate What is a rate lock for and why do you need one. Closing Costs Explained Closing costs are the actual expenses that the lender incurs in the origination of a new home loan. Should I Pay Points A point is an upfront fee that reduces your monthly interest rate and total interest due over the life of the loan. Mortgage Calculations by Hand Learn the formulas for calculating interest rates and payments.