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Question: Where i can find the latest mortgage rate from bank?

(Posted by: on 2010-09-09 16:20:51)

Hello all, I am looking for a website that can tell me the current mortgage rate or mortgage rate trend. Today, I have called several brokers all of them told me that today's rate is highest in recent days. So I would like to find this info myself. thank you

Posted by: My Take on It on 2010-09-09, 16:23:04

Http:/ / bankrate.com/ Seems the brokers weren't pulling your leg.

Posted by: Judy on 2010-09-09, 16:24:33

Google three banks you know followed by the words mortgage rates. Ex: Try Bank of America, Wells Fargo, ING Also try other bank website in your area - they post them Go to bankrate.com and click on mortgage rates and find lenders in your area along with the rates. /

Posted by: NeemaF on 2010-09-09, 17:01:56

Www.bankrate.com and also check out BoA, Wells & Coldwell Banker. It also depends on your area but some of the local banks are also giving competitive rates. You also have to consider what TYPE of loan you're getting (whether it's jumbo, non-conforming, ARM, fixed, etc). hope this helps.

Posted by: Steven on 2010-09-10, 02:48:52

Go to Yahoo finance and look up the yield on the 10 year. When the yield goes up the rate goes up and vice versa.... This is the best indicator of market direction for a 30 year fixed rate mortgage. Understand that there is no such thing as "today's rate ". Large institutional lenders actually hire outside consulting companies to see where they are verses the competition. Cost or funds vary from lender to lender and they are passed onto you. Add to that loan level adjustments (cost that is added for risk profile) and it's nearly impossible to compare one lender verses another without going through a complete credit application. Yes, prices went up today. Look at the graph over time though. Rates are still incredibly low.