The top five mortgage lenders are maintaining rates in the upper-5% range, with Citi Mortgage leading at 5.755%, according to Yahoo Finance. Rates for the top 10 lenders range from 5.755% to 6.206%, with Flagstar Bank entering the top 10. The variation in rates could save borrowers over $220 a month and $80,000 in interest over a 30-year loan.

When shopping for a mortgage, focus on the annual percentage rate (APR), which includes both the interest rate and lender fees. Lenders may offer lower rates by including mortgage discount points, but these are optional and can be refused. Each point represents 1% of the loan amount and generally lowers the interest rate by about 0.25%.

To accurately compare rates and fees, request quotes from multiple lenders with zero discount points and focus on the APR. This will provide a clear understanding of the total borrowing costs. Remember, the APR is the most important number to consider when selecting a mortgage lender for the best deal.

Read more at Yahoo Finance: Mortgage lenders with the best rates this week, Dec. 22, 2025