How to track mortgage interest rates
Things You'll Need
Determine how many websites are available for reviewing mortgage rates. Mortgage rates can be tracked at several websites. It’s just of matter of reviewing the website that is the easiest to access and read. Some websites provide you with more information than others. They give you the rates on all of the different types of mortgage loans available. The changes to interest rates are updated on a daily basis. You can review all of the websites or the one that you are most comfortable with, meets your needs and helps your achieve your goals.
Go to Quickenloans.com and review the mortgage rates available. When you access mortgage rates at Quickenloans.com, you can get rates for a number of different types of mortgages such as a 15- or 30-year fixed rate or even a 5-year adjustable rate mortgage (ARM). Click on the tab at the top that says mortgage rates. The interest rate as of today will be displayed for the
mortgages offered. You will also be able to see the annual percentage rate (APR), which is your rate, expressed yearly, factoring in all of the costs such as appraisal fees, points and title insurance.
Go to MyFICO.com. When you go to MyFICO.com, you will be able to see mortgage rates, which are updated almost daily, for several mortgages. The mortgage rate you receive will depend on your FICO score or credit score. A score can range from 300 to 850, and the higher your score, the less risk you present to a mortgage lender, which enables you to receive a lower interest rate. The interest rates are broken down based on your FICO score.
Go to Bankrate.com to look over mortgage rates. Mortgage rates are also available on Bankrate.com as well. You can find rates as well as APRs for a number of mortgages. Key in the information requested, and the information will be at your fingertips. The rates are also available for different states.Source: ehow.com