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Old 02-16-2016, 04:10 PM
 
311 posts, read 633,379 times
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Is there somewhere reliable for a consumer to watch rates?

I have googled rate sheets and get somewhat of an idea that way.

Thanks
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Old 02-16-2016, 09:07 PM
 
Location: MID ATLANTIC
8,669 posts, read 22,853,798 times
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Quote:
Originally Posted by Northern Bound View Post
Is there somewhere reliable for a consumer to watch rates?

I have googled rate sheets and get somewhat of an idea that way.

Thanks
Many lending sites have an option to notify you when a rate hits a certain target.

But for day to day, there is not a site for free or a quick glance. Many loan officers subscribe to a rate advisory service. Or, some of us that have been around for awhile, know what to look at to gauge if things are about to move. Long time ago, we use to watch the 30 year Treasury.......but recent years, rates have been focused on the 10 year.....recently, I heard attention may shift to the 5 year, but don't worry about it today (however, if it's 2020 when you are reading here, it may no longer be the 10 year).

As the yield on the 10 year treasury goes down, mortgage interest rates do as well, and visa versa. Today, I want to say the 10 year was at 1.77% before markets opened (so that 1.77℅ would have been the prior day's close). January 1st we were at 2.25%. Today, the 10 year closed at 1.72℅. To tell you how much it needs to move though to impact mortgage rates, however, is uncharted territory. Secondary managers everywhere are really super cautious to trust our current downturn in rates. One thing I have learned is to get your data from the same place daily. Some round up and some pull the rate before markets close or some are live 24/7, even though the market is not open.

There are several good sites open to all - I'm sure others have great sites to share. I check the 10 year a couple times a day on my phone, so I can keep in touch.

U.S. 10 Year Treasury - US10Y - Stock Quotes

https://www.treasury.gov/resource-ce...Year&year=2016
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Old 02-17-2016, 10:32 AM
 
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As a consumer, one site I follow is Mortgage News Daily. One of the drop downs is "Current Mortgage Rates" which is updated every afternoon. However, there are lots of articles about the bond markets and other financial information that influences mortgage rates.

Mortgage News Daily - Mortgage And Real Estate News
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Old 02-17-2016, 01:19 PM
 
5,340 posts, read 14,106,022 times
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Quote:
Originally Posted by Northern Bound View Post
Is there somewhere reliable for a consumer to watch rates?

I have googled rate sheets and get somewhat of an idea that way.

Thanks
What are you trying to accomplish...purchase, refi, new construction, or just general knowledge??
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Old 02-17-2016, 01:43 PM
 
311 posts, read 633,379 times
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Purchase. Plus just curious so watch them as the spring buying season starts up.
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Old 02-17-2016, 08:38 PM
 
Location: Southern California
4,453 posts, read 6,781,765 times
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Rates change throughout the day. Are you going to watch rates like stocks. If you think you can predict rates, you can predict stocks. If you can predicts stocks, you'd be so rich you wouldn't have to watch rates.
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Old 02-17-2016, 09:46 PM
 
Location: MID ATLANTIC
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They ticked up today...to 1.81%, which is surprising, the FOMC acknowledged economic concerns, which would normally create a rally. Economic Calendar - Bloomberg (click on FOMC minutes from 2pm today)
Tomorrow could be bumpy, Treasuries auctions occur and weekly unemployment.......Friday is CPI, which gauges inflation. If prices are going up,that means wages and rates should/could go also up....the end of another week.
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Old 02-18-2016, 09:37 AM
 
5,340 posts, read 14,106,022 times
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Quote:
Originally Posted by Northern Bound View Post
Purchase. Plus just curious so watch them as the spring buying season starts up.
Just follow one lender's website (i.e. Wells Fargo, US Bank, Bank of America or any sizable mortgage lender in your area that publishes rates daily) and you can see how they are trending.
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