If you’re a homeowner, then you’re probably aware that interest rates on home loans have been rising in recent months. While this may be concerning, it’s important to remember that rates are still relatively low by historical standards. This means that now is still a good time to refinance your mortgage or to buy a new home. Of course, with rates on the rise, it’s more important than ever to make sure that you’re getting the best possible deal on your home loan. Here are a few tips to help you get the most competitive rate: 1. Check your credit score. Your credit score is one of the most important factors that lenders consider when determining your interest rate. If your score is on the lower end, you may want to consider taking steps to improve it before you apply for a loan. 2. Shop around. Don’t just go with the first lender you find. Get quotes from multiple lenders to compare rates and terms. 3. Consider a shorter loan term. A shorter loan term will usually result in a lower interest rate. 4. Make a larger down payment. A larger down payment will also lead to a lower interest rate. 5. Ask about discount points. Discount points are fees that you can pay to lower your interest rate. They may or may not be a good option depending on your situation, so be sure to ask your lender about them. By following these tips, you can be sure that you’re getting the best possible deal on your home loan.