Focus on raising your credit score, making a larger down payment, and selecting the mortgage type and term that best fit your objectives in order to get the best mortgage rate.

You still have choices, even though some factors that affect mortgage rates—such as how the Federal Reserve responds to changes in the economy—are out of your control. Astute tactics such as comparing several lenders, securing your interest rate, and acquiring discount points can have a significant impact. Do you want to reduce your home loan payments? Find out how you can get a better mortgage rate by using these tips.