How to ensure I get the best home mortgage rate?

Although homeowners finally got some good news with this weeks cross the board fall in Atlanta mortgage rates, by far the largest number of mortgage applications during the past week related to refinances.  Indeed, even given the six basis point fall, applications for 5-year ARMs last week were at their lowest level since 2003, suggesting that most homeowners have applied for the wrong kind of mortgage!  So how do you get the best out of your home mortgage rate? The answer may be much easier than you think.  First of all, unless you anticipate moving fairly soon after you buy your property, then the chances are that, over time, electing a 30-year fixed rate mortgage will work for you.  On the flip-side, if you are in a starter home and know you’ll want to move as your family gets bigger, then the 5-year ARM will likely be the better choice for you.  Overriding both these, however, is making sure your credit rating remains good.  If you have a depressed credit rating this will have a significant effect on your Atlanta mortgage rate.  The difference between having a prime rate Atlanta mortgage rate and a sub-prime mortgage rate is such that you have to ensure this remains healthy if you wish to ensure that you get the best out of your home mortgage rate.