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Best Way To Keep Tract Of Mortgage Rates

frank_10b profile photo
  • Tuesday, August 05, 2003 @ 09:05 PM EDT
  • 4 Comments

I am currently refinancing - late unfortunatly- What is the best way to keep tract of rates and lock at a good time? How can I find a trustworthy mortgage broker?
I am in Miami Florida
thanks

Comments(4)

  • no photo
    lildell4th August, 2003

    www.bankrate.com use the the rate tracker

  • wexeter
    wexeter4th August, 2003

    You can also visit the Articles section:http://www.thecreativeinvestor.com/Article318.html&mode=thread&order=1&thold=-1
    [addsig]

  • no photo
    jmBROKEr5th August, 2003

    Keep track of the 10year bond. If bond drops, yield goes up thus mortgage rates go up. If bond rises, yield goes down and mortgage rates go down. You can keep track of this daily. Today close of the 10yr bond will determine rates for tomorrow, tomorrows yields will determine Thurs rates, so on and so on. 1-3% change in yield up or down doesn't have any real effect, anymore than that then you might not be able to get rate offered or might get better rate if not locked yet.

    The bond effects long term fixed rates, not so much arms.

  • no photo
    frank_10b5th August, 2003

    Thanks for all the advice.

    I checked out the bankrate site to look at the mortgage chart.

    Is there a site I can click on the see the 10 year treasury day by day?

    Is there a site I can click on to see the rates offered by mortgage companies that I might want to apply with?
    thanks!

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