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What factors does a bank use to determine when and by how much the rates it offers should be changed

I want to know what rates are throughout each day.  Where is that type of information posted? I understand there are many factors that adjust the rate from par, but given a specific set of borrower dependent information, what market influences apply to rate changes and are rates published online?

How can I find current rates without finding a broker to monitor them?
  • February 17 2009 - Henderson
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Answers (2)

Dirt,

What you are looking for doesn't exist.  Banks/Lenders set rates based on the cost of funds and that bank/lenders business model.  No way you can look at anyone source and know what rates will be offered.

The factors could include just about everything including the bank/lenders head of secondaries mood...

This blog is a good source of MBS data, but it is only part of the puzzle.
  • February 17 2009
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Call a credit union. Bond rates are a good indicator of rates going up or down, but bankers as myself, have a list of rates to choose from to fit the customers needs. I usually offer no point rates and rates with points. Par rates ( paying us nothing and costing us nothing) have a broker fee of the amount the broker wants for his company, higher rates have premiums that usually have to be disclosed unless you are a banker, and lower than par rates have a hard cost to the lender plus a broker fee.

  • February 17 2009
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