If you go to www.MtgProfessor.com you will see the "wholesale" interest rates (these are not the rates you can get) available to brokers. If you see someone offering rates at or below these daily published rates then you know that you will have to pay extra "closing costs" (lender related fees) to get the promised rate.
Also if you go to www.AimLoan.com you can sign up for a rate quote specific to your loan (they don't do FHA, however) and you can get a daily email with the current rate quotes for various types of mortgages.
One of the reasons that the market is in the shape it is in is because of people being able to buy property without any kind of investment. When prices decline it is too easy to just walk away. Having been in the business for many years I have seen all kinds of markets, but I really miss the days when you had to invest some of your own hard earned cash to buy property. http://RalphandTricia.com... more