There are many teachers, military personnel, and veterans who would like to get a discount on their mortgage interest rate but it is important to understand that most lenders offer a discount on closing costs rather than the actual mortgage rate. It would be wise to contact a specific lender to get much more details on incentives for teachers, military personnel and veterans.


By accessing the website of many mortgage lenders you will likely find that there are some types of discounts and incentives for specific demographics or occupations. Before assuming that all mortgage lenders do this it would be wise to do your independent research and find out what is available in your specific area.

At the present time mortgage interest rates are very low with the 10 year treasury rate yield down over 2% today. The 30 year fixed mortgage rate is currently at 4.85% and it will come as no surprise to see the 30 year fixed get all the way down to the 2010 low around 4.7% in the very near future.

Author: Heather Best