When searching for the term “bank rate”, you may benefit from a more specific search term such as “best bank for mortgage rates” or “bank rate for mortgage loans”. If you simply search the term “bank rate” in Google, you will be bombarded with ads and results ranging from commercial bank rate to auto loan bank rates. Make your life easier by being more specific on what bank rate you are looking for. When it comes to commercial mortgage loans, the best bank rate is often provided by local commercial banks. However, if you are search the term “bank rate” to find the lowest mortgage rates in Florida, then your best bet would be to search and speak with local mortgage brokers in Florida or the specific state that you reside in. Mortgage brokers often receive wholesale mortgage rates that can be offered to you at a lower cost and rate because of their ability to deal with the same banks that you go to but through the wholesale channel which saves you money. The same bank rate on a mortgage loan offered through retail divisions of national banks, is often lower through a local mortgage broker due to the lower cost of acquisition associated with originating mortgage loans.