Not only do you want to pay attention to the interest rate and what the best interest rates are at the present time to determine if you are getting a good deal or not, but you want to think about what type of mortgage loan you are getting. Even if you have the best credit and you see rates advertised that are a little lower than the rate you are receiving you should ask why your rate is not lower. Many times there are rate adjustments that will affect your loan that you might not have even thought about. For good-excellent credit borrowers if you are obtaining a conventional loan, most of the time these adjustments are going to be standard no matter what lender you go to. For example if you had an 800 credit score but you were doing a cash out refinance at 90% of the value of the appraisal that was done on your home, you would probably have a rate bump for the cash out and for the high LTV. Another example is if you were getting a mortgage loan and you did not want to pay PMI, there are ways to accept a slightly higher interest rate in lieu of the PMI so therefore you would have a rate bump for that as well. There are many other things that can affect your rate positively or negatively so be sure to ask why you are receiving the interest rate you are receiving if you are concerned whether you are getting a good deal or not with your mortgage. A few other examples of items that may affect your interest rate are your loan size, your income documentation type, whether you are doing a debt consolidation refinance versus a rate and term refinance, amount of equity left after refinance, amount of down payment on a purchase and many, many others.