Started By
Message
locked post

How best to track mortgage interest rates?

Posted on 8/25/08 at 10:05 am
Posted by TBTH
Austin, TX
Member since Oct 2003
436 posts
Posted on 8/25/08 at 10:05 am
I was told that briefing.com is a good place to watch. The problem is I don't know wtf I'm looking at over there :)

I think this is what he was talking about:
briefing bond market snapshot

Can someone give me the secret decoder ring for this stuff? Do mortgage rates closely follow the 10-year bond? If so, and I see something like this:

10:27 ET 10-Yr: +23/32..3.784%.. USD/JPY: 109.7200.. EUR/USD: 1.4779

Is that indicative of a likely drop in mortgage rates? If so, by approximately how much?
Posted by lpsster
Mandeville
Member since Aug 2008
14 posts
Posted on 8/25/08 at 12:01 pm to
Your mortgage rates react in a similar manner as the 10 yr bond, however they are not tied together. Your mortgage rates are actually tied to the fannie mae/ Freddie Mac securites being traded on the Chicago board. This information is not real accessible or generally in live time. What I tell my customers who are trying to figure out what the rates are is to check out our site daily after 10 am

www.integralendinggroup.com/INTEGRA_lock_advisory

We pay an outside firm to give us market/statistical info on the market and a lock recommendation--This analysis is not perfect but we have found it to be very helpful and breakdown what affects interest rates into layman terms. Hope this helps
This post was edited on 8/25/08 at 2:04 pm
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram