If you are considering buying or selling a home it is important that you keep yourself aware of Birmingham Alabama home mortgage rate since these rates will affect monthly payment which affects how home you or any potential home buyer can afford. Because of this, we are going to take a little time each day (Monday through Friday) to give you a Mortgage Minute Update. Birmingham Alabama Home Mortgage Rates for August 27, 2008 are as follows... 15 yr fixed 6.00% 30 yr fixed 6.47% 5 yr ARM 5... read more