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Old 02-19-2008, 07:05 AM
 
Location: Raleigh, NC
9,059 posts, read 12,937,865 times
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I noticed the 10yr Treasury market having a huge selloff this morning (currently a 3.86 yield). Are 30yr rates on the internet mostly overnight rates, or can I see something more real time?
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Old 02-19-2008, 08:18 AM
 
Location: Charlotte, North Carolina
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you can find a lot of brokers/lenders displaying rates on their webpage
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Old 02-19-2008, 04:27 PM
 
Location: NC
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30 year rates are not overnight rates. They fluctuate alongside the 10 Yr Treasury Yield, which of course, move during the time the market is open. By tracking how the yield is doing, that can at least give you a strong idea on how 30 year mortgage interest rates are moving at that point.

I like using Yahoo Finance page for tracking the 10 yr yield. Not all financial sites offer this particular ticker symbol (^TNX). By tracking this chart, there have been many times I was able to lock a rate BEFORE the updated, worsened rate sheets came out, saving my client a buck or two.
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Old 02-19-2008, 07:48 PM
 
Location: JAX
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It's important to remember that rates are based on Mortgage Backed Securities or Mortgage Bonds..... NOT the 10-year Treasury Note. While the 10 year T-Bill sometimes trends in the same direction as Mortgage Bonds, it is not unusual to see them move in opposite directions....
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Old 02-19-2008, 08:30 PM
 
Location: NC
1,268 posts, read 2,326,746 times
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Quote:
Originally Posted by R1v3rRat View Post
It's important to remember that rates are based on Mortgage Backed Securities or Mortgage Bonds..... NOT the 10-year Treasury Note. While the 10 year T-Bill sometimes trends in the same direction as Mortgage Bonds, it is not unusual to see them move in opposite directions....

Good information...how can those be tracked in real time?
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Old 02-20-2008, 08:41 AM
 
Location: Las Vegas
250 posts, read 1,110,842 times
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Quote:
Originally Posted by ChipL View Post
Good information...how can those be tracked in real time?

+1.........
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