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Answers (26)
- Rudi Hofmann, "LUXURY HOME LOANS CA"
- Contributions:7435
Spam on a thread Dated 2/19. Would you guess he's always a day late and a dollar short?
- Clay Branch, "Georgia Loans"
- Contributions:7814
Roy, your link says nothing about rates, only that you can give a free market analysis, along with a contact form questionaire. It's spam.
- ROY Mason, "REALTORROY"
- Contributions:194
Rates are not available on THANKSGIVING
I CAN GIVE QUOTE from 100 lenders
THey are also on my website M-F national avg
I have been in Loans and Real estate for over 18 years , so glad you had your laugh, now go eat some turkey bigboy lol
I CAN GIVE QUOTE from 100 lenders
THey are also on my website M-F national avg
I have been in Loans and Real estate for over 18 years , so glad you had your laugh, now go eat some turkey bigboy lol
- Clay Branch, "Georgia Loans"
- Contributions:7814
Realtorroy, nothing about rates on your link, only a spam message. Do you really think that pitiful 5 second spam message will get you a few clients? Thanks for the laugh.
- Boraxo, "abrasive"
- Contributions:22
This is one of the all time most useful posts and worthy of a bump.
Unfortunately it appears that few of these sites will quote 30-year FHA up to $729k (I got zero for CA) but nonetheless quite a bit of useful info on rate trends.
Unfortunately it appears that few of these sites will quote 30-year FHA up to $729k (I got zero for CA) but nonetheless quite a bit of useful info on rate trends.
- Doug Hutchins, "90 day rate locks"
- Contributions:721
Mortgage News Daily (mortgagenewsdaily.com) is a great site for checking what drives the market and it has some educational blogs that help the consumer better understand the MBS markets. Although geared towards the mortgage pros...consumers can benefit from the time spent on the site.
- vak555
- Contributions:62
Thanks Planners,
That's exactly what I meant - if brokers quote is consistently 5/8 or about higher than the index, then somebody outside of the profession can gauge approximate rate daily w/o contacting and taking somebodies time. The only thing, this number is probably not consistent - as the index moves, so does a broker adjust the spread...
Thanks
VK
That's exactly what I meant - if brokers quote is consistently 5/8 or about higher than the index, then somebody outside of the profession can gauge approximate rate daily w/o contacting and taking somebodies time. The only thing, this number is probably not consistent - as the index moves, so does a broker adjust the spread...
Thanks
VK
- Silver Mortgage Co.
- Contributions:35
Not directly...but if you know the trend of mortgage backed security pricing then you can anticipate mortgage rate increases or decreases. The best free site that I know of for this is: http://www.mortgagenewsdaily.com/mortgage_rates/blog/
- Damon Daniels
- Contributions:16
As with most free sites, intraday data is at least 15 minutes delayed. The great majority of consumers wouldn't understand how MBS pricing directly affects their rate even if they had real time pricing. That is what mortgage professionals are for. I would hope we all have real time rates and alerts at our fingertips. If you would like to know what sites I use, just send me an e-mail.
- Planners
- Contributions:322
vak-
The Bloomberg site is a measure of MBS pricing, not of retail loan rates. The best way to use it is to benchmark a specific quote to the value at that same moment, then look at it as a relative indicator. In other words, if the value on the site changes by X percent, you can expect your quote to change by the same amount.
For example, my best deal today for a 30-year loan was 5.25% at zero points. The index opened at 4.6%. That tells me that if I add about 5/8% to the index value going forward I can estimate what my rate would be. You can also tell from the changes during the day that we had both a rate increase and a rate decrease, ending unchanged on the day.
The Bloomberg site is a measure of MBS pricing, not of retail loan rates. The best way to use it is to benchmark a specific quote to the value at that same moment, then look at it as a relative indicator. In other words, if the value on the site changes by X percent, you can expect your quote to change by the same amount.
For example, my best deal today for a 30-year loan was 5.25% at zero points. The index opened at 4.6%. That tells me that if I add about 5/8% to the index value going forward I can estimate what my rate would be. You can also tell from the changes during the day that we had both a rate increase and a rate decrease, ending unchanged on the day.
- Hamp Yonce, "Zilluminati"
- Contributions:3463
Sorry Vandy, I was watching soccer. Stu handled it. Go Gamecocks!!!!
- Chris Alicki, "Chris Alicki"
- Contributions:4
go to www.hsh.com
This is like the Wall Street Journal of mortgages. It is an unbiased publication of mortgage rates from day to day.
This is like the Wall Street Journal of mortgages. It is an unbiased publication of mortgage rates from day to day.
- vandyrobert
- Contributions:48
Thanks Stu!
- Stu Sable, "SSable1"
- Contributions:14
Vandy,
It is the YIELD on the 10 yr. note you should be paying close attention to. If the yield is up (green), rates are trending up. If the yield is down (red), rates should be trending down.
Hope this helps.
It is the YIELD on the 10 yr. note you should be paying close attention to. If the yield is up (green), rates are trending up. If the yield is down (red), rates should be trending down.
Hope this helps.
- vandyrobert
- Contributions:48
Hamp,
Does the ten year note usually follow in the same direction as interest rates? Or do they go in the opposite direction? I guess I should have paid more attention in monetary economics.
Thanks.
Does the ten year note usually follow in the same direction as interest rates? Or do they go in the opposite direction? I guess I should have paid more attention in monetary economics.
Thanks.
- Hamp Yonce, "Zilluminati"
- Contributions:3463
Payment Choice You are not alone. Bankrate is about as useless as Zillow Mortgage Marketpalce will be if they can't control lowball quoters. Bankrate has one average that includes lowball quotes, and a little drilling down into the site will expose a different average that doesn't include lowball quotes.
HSH is good for daily checks. Not good for intraday. The others mentioned tend to confuse borrowers. See VladiK's post below. Watch ten year note yields, and call your LO every day, 6 times, between 10 and 5:30.
HSH is good for daily checks. Not good for intraday. The others mentioned tend to confuse borrowers. See VladiK's post below. Watch ten year note yields, and call your LO every day, 6 times, between 10 and 5:30.
- Edward Zeller
- Contributions:10
Bankrate.com for 30 year averages
Bloomberg.com- keep an eye on 10 yr./30 year bonds for lower yields
Email one of us for daily rate updates
Bloomberg.com- keep an eye on 10 yr./30 year bonds for lower yields
Email one of us for daily rate updates
- vak555
- Contributions:62
Plannners, thanks for the link....
Got a question though - how does this match up to the average rate on a loan with 0% markup - over 740, conforming, 30F, LTV 80% or more? Looking at the link, it closed today at 4.71%..what would be the average (realistic) quote on such a loan today with no points?
Thanks!
Got a question though - how does this match up to the average rate on a loan with 0% markup - over 740, conforming, 30F, LTV 80% or more? Looking at the link, it closed today at 4.71%..what would be the average (realistic) quote on such a loan today with no points?
Thanks!
- Planners
- Contributions:322
http://www.bloomberg.com/apps/cbuilder?ticker1=MTGEFNCL:IND
Click the 1D tab for intraday pricing. 15 minutes behind real time for free.
Click the 1D tab for intraday pricing. 15 minutes behind real time for free.
- Clay Branch, "Georgia Loans"
- Contributions:7814
The Money Store is 1 lender and those generic rates mean nothing. Go to the mortgage tab up top, click on help center, then scroll down and on the right side are rates being quoted in real time. I just looked at 30 Yr Fxd for about 20 seconds and I saw 4.50% to 6.25%, why? See Gregorio's post at the bottom.
- Morpheus22
- Contributions:1
Here is a good simple place to start:
http://www.themoneystore.com
Yes, it is an individual lender, however, I am getting ready to refinance with them and what is on their site overview is very close to what rates are available.
They update their rates at around noon each day.
http://www.themoneystore.com
Yes, it is an individual lender, however, I am getting ready to refinance with them and what is on their site overview is very close to what rates are available.
They update their rates at around noon each day.
- Home Lending Pros.
- Contributions:224
russellpd,
Don't forget to watch your loan to value...the higher that goes the higher your rate will be!
Don't forget to watch your loan to value...the higher that goes the higher your rate will be!
- Connie Wildasinn, "Connie Wildasin"
- Contributions:1178
thanks Gregoiro! right on the 'money' if it was as easy as 'looking it up' any one could do it .... amazing how so many fell we in the profession don't know what the hey we are doing... sad...
- Handout
- Contributions:14
I watch The View, those ladies are darling and smart too
There are too many variables to consider. There is not one mortgage rate that you can follow anywhere for every situation. Many people like to follow rates by posting loan requests here on Zillow and updating them regularly to see the changes. Many factors go into quoting a rate accurately and the Zillow format does provide a good template for that. At some point, you will want to get with a professional that can look at your specific situation and monitor rates for you; I would start by clicking the mortgage tab and placing a request. Contrary to popular belief, mortgage rates are in fact an exact science and to get accuracy you need to input data.
Is there anywhere a consumer can follow the mortgage rates during the day?
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