The least expensive mortgage in the country during July was in Rhode Island where borrowers paid just 3.4 percent, 0.35 percent below the national average. The highest rate in the nation was 4.1 percent in Nebraska, as CNNMoney informs MHProNews. Over the 30 years of the loan that 0.7 percent difference translates into $28,000 more on a $200,000 mortgage. While mortgage rates typically move as  U. S. bond yields change, another factor is in areas where fewer people have jobs, lenders have to lower rates to attract buyers; likewise, in areas where the economy is stronger, rates will tend to be higher. ##

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