Mortgage rates go up and down, based on the whim of the inflation-sensitive Federal Reserve. Other factors are involved, but the best way to play the game is to pick your desired mortgage interest rate target, and then refinance when changing rates call for it.

Find out how to shop around for mortgage quotes so you get the lowest mortgage interest rate possible.

The ability to change the interest rate on a loan is one of the most common reasons to refinance a mortgage. Interest rates are constantly changing

Mortgage interest rates increased in the past two Mortgage Application Survey released by the Mortgage Bankers Association. The mortgage survey released for the week ending December 25, 2009 showed the average contract interest rate for 30 year mortgage rates are back above 5.00 percent at 5.08 percent. For the week ending January 1, 2010, 30 mortg

Credit scoring was developed in the 1960s as a means to determine whether or not consumers were likely to repay their loans. The score ranges from 350 to 850 with a higher score being extremely favorable. Essentially, a high credit score translates into lower interest rates for the borrower...