Buying A House

My hubby and I were planning to refinance our mortgage to a lower interest rate with no cash out. So we started searching for a lower interest rate that is just right for us, but all of that searching was a waste of time. We realized that the interest rate that we have now is still the best rate. So we have to keep this one for awhile. My friend called me the other day and she was asking me about mortgages. She wants to buy a house and right now she is in the process of looking for the mortgage rate that fits her budget. This is her first time to buy a house so I told her that she might find a better rate right now since First Time Buyer Mortgages sometimes have better rates, however that still depends on your credit score.