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Anybody know where I can find out . . .


Newlywed
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what the interest rate is on a daily basis? I know it fluctuates. I'm in the process of refinancing my mortgage & want to follow the interest rates on my own so I don't have to talk to a banker or go to a bank every single day to see if the rates have gone up or decreased. Can I find this info online somewhere? Thanks!

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If you want to follow the "raw" rates, that all fixed mortgages are based on, this is an interesting site. Can be very interesting to watch some days. I dont follow it normally, as the loans that I do are based on indexes that dont move much, like LIBOR, COFI, COSI, CODI etc, but lately I am doing a few "prime rate loans" so following every few hours. I dont play the interest rate game, but let my clients do.

If I could just figure out for certain what rates were going to do, then I would just do the mortgage business for fun,and make my living on the market. I felt that I knew what things were going to do, then 3/11 happened, and things changed.

Here is the link:

http://money.cnn.com/images/bond_center/graphs/tenyearyield.png

Charles

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