When I first signed up for my housing mortgage, the market out there was mind-boggling indeed with so many mortgage packages being offered. Some of my friends also had lots of advice on mortgage rates as some of them had gotten their mortgages at higher interest rates and had to seek for remortgages at a later stage when the overall interest rates came down. I was quite lucky as I went into the mortgage market at a time when interest rates were relatively lower due to the recent economic crisis. That way, I managed to lock in my personal loans at a more affordable rate for the tenure of my loan for 30 years. Sometimes, when getting mortgages, you always need a little bit of luck, some research and good timing.