What is a competitive mortgage rate in today's market?

[Shiela Zhao]

Exactly as it sounds, I am hearing so many different rates being bounced around from my friends around the world in their respective countries.What is a competitive rate in your respective state at this point in time? Are there any techniques to employ when seeking the best mortgage rate? How limited is choice of mortgage broker or bank,I once had a teacher in secondary school tell me you can use a bank almost anywhere in the country to supply your mortgage, thus allowing you to shop around.