| Money Talk |
| Return to Board • Menu • Bottom | Page 1 |
| Message |
| Where can I go to monitor the daily interest changes? Posted by Chad504boy Looking to monitor the general interest rate for mortgages to see when it's going up or down and like by how much.  on 4/5 at 9:01 amTIA. Reply • Back to Top |
| is there not a simple answer? Reply • Back to Top |
| no there isnt a simple answer some would say bankrate.com but they tend to be wrong. I can tell you this the rate should be between 3.875%-4.25% on a 30yr fixed thru the summer. Anything lower than that is going to be a flash in the pan. Reply • Back to Top |
quote: yesterday i was currently at 4.1 ish... we're trying to wait to see if we can lock in at least under 4 over the next few days/week or two at most. lender said 3.825 may be the ultimate best case scenario. I'd be happy enough under 4. Reply • Back to Top |
| Your lender is correct if you can get 3.875% pull the trigger. Reply • Back to Top |
| www.bankrate.com ETA: Didn't see hawkeye's reply. That's the best one that I know of. This post was edited on 4/5 at 11:45 am Reply • Back to Top |
| I recently stumbled upon this site. Seems helpful. LINK / Reply • Back to Top |
| From what I understand, the CBOE interest rate is a great indicator to see if mortgage interest rates will rise or fall on that day. Reply • Back to Top |
| I don't understand the purpose of this. The change in your payment will be so minor. Rates are near all time lows who care about another 15bps. The difference between 4.1% and 3.95% on a 200k loan over 30 years is about $16 a month. On a 400k loan its about $34. If your house doesn't fall in that range then you certainly shouldn't be concerned about such a minor change and if it doesn the difference is a few trips to McDonald's. Reply • Back to Top |
quote: Could be upwards of maybe $20 or a bit more. It's a guaranteed multi year savings for doing nothing but clicking lock button at right time. Reply • Back to Top |
quote: Principalities. I'll take my extra 400 and cover my Sbucks habit. Reply • Back to Top |
| i have to say that the difference between 3.875% and 4.0% is just bragging rights. I could give my customers 3.99% instead of 4.0% and they would think its the best deal ever! Reply • Back to Top |
| I still think it's a waste of time. Each bank will likely have a slightly different rate so watching them day to day won't help without calling the bank everyday since you are looknig for a change in a few bps one way or the other. I don't know what your time frame is. Maybe you get lucky and rates continue to go lower than any one expects, but if you locked in today you should be happy over the life of your mortgage. Reply • Back to Top |
quote: i'm wasting no time doing this. We are waiting on something else anyways so my lender is keeping a keen eye on the rates for me trying to lock in the best possible rate for me. Kind of what he's for. At least imho. Reply • Back to Top |
quote: Don't you have to pay closing costs when you refinance? Reply • Back to Top |
quote: yeah but i'm talking about clicking a lock button on 3.8 vs 4.1... Reply • Back to Top |
| ...and then pay closing costs should you decide to refi from 4.1 to 3.8? Yes? This post was edited on 4/5 at 5:27 pm Reply • Back to Top |
quote: This used to be a free report and I relied on it to advise my clients. Usually pretty accurate information. LINK I found someone that subscribes to his service and posts on their blog. LINK This post was edited on 4/5 at 9:21 pm Reply • Back to Top |
| When I worked for a local bank we used the site below to determine our rates. Not sure if this is for consumers too but it wasn't free... LINK / Reply • Back to Top • Refresh |
| Return to Board | ||
  Page 1 of 1   | ||
on 4/5 at 10:39 am to