Author Topic: accurate interest rate data  (Read 1445 times)

rahby1us

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accurate interest rate data
« on: December 09, 2019, 02:30:37 PM »
Anyone have a source for a accurate approximation of the current interest rates without a bunch of ads and getting phone calls immediately?

nereo

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Re: accurate interest rate data
« Reply #1 on: December 09, 2019, 02:32:38 PM »
Anyone have a source for a accurate approximation of the current interest rates without a bunch of ads and getting phone calls immediately?
Are you talking mortgage interest rates? The Fed banking rate?  Auto loans?  Vegas-lain sharks rates?

rahby1us

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Re: accurate interest rate data
« Reply #2 on: December 11, 2019, 09:36:19 AM »
just standard mortgage rates

Alternatepriorities

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Re: accurate interest rate data
« Reply #3 on: December 11, 2019, 09:52:39 AM »
MMM shared a link a few weeks ago for credible. I was able to just enter approximate data a get accurate quotes without getting a ton of robocalls:
https://www.credible.com/a/mrmoneymustachemortgage/?utm_source=mrmoneymustache&utm_medium=referral&utm_campaign=mortgage_hp


Ultimately I went with a local lender because it gives me the highest ROI between 7 months and 7 years which is farther out than i can really predict where we will live. I did really appreciate the quality of credible's site and the variety of options they offered though. I almost went through them.

nereo

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Re: accurate interest rate data
« Reply #4 on: December 11, 2019, 11:33:33 AM »
FRED (Federal Research Bank of St Louis) publishes those data.  For mortgage rates they are updated weekly, and you can download the underlying CSV files if you want to do your own data exploration
Have a look:

https://fred.stlouisfed.org/categories/22

The data comes from Freddy and Fanny Mac, so it won't represent all loans, but most other lenders will be within a few points of these.

rahby1us

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Re: accurate interest rate data
« Reply #5 on: December 11, 2019, 04:49:23 PM »
Thanks guys, exactly what i was looking for!

Given how low rates are right now during a good economy, i'm considering an ARM when we buy, or at least want to analyze the possibility. Knowing we could buy out the principal at any time if it jumped up could negate a serious upswing. Although, locking in a 30 year at 3.68% (vs. 3.39% with the ARM) wouldn't be a bad place to be either.

Who knows where we'll be in 5 years, so maybe the 0.3% spread isn't enough to warrant the gamble