Over the past three or four years mortgage interest rates were sooooo low that there often wasn't too much of a difference in the interest rate quoted by one lender vs. another.  Furthermore, buyers didn't have to think too creatively about different loan programs as far as fixed rate vs. adjustable rate, etc.  The thirty year fixed mortgage rate was so exceptionally low that almost all buyers were purchasing with that program. 

But, now things have changed...

Mortgage interest rates are quite a bit higher now... at or above 7% for a 30 year fixed mortgage rate!

As such, savvy home buyers are...

[1]  Talking to more than one lender to see how interest rates and closing costs compare.

[2]  Considering fixed rate mortgages alongside adjustable rate mortgages that start out fixed for (usually) five or seven years.

If you are buying a home in late 2022 or early 2023 it will matter now more now than ever that you talk to an experienced, professional, responsive, creative mortgage lender to make sure you are finding the financing program that is the best fit for your financial scenario and your plans for the coming years in your new home.