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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 16 Aug 2005 00:34:40 -0700
/ Author of the message: "Bucky" |
Title of the message: |
which is most accurate source for mortgage rates (national average)?
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Text of the message: |
I get kind of confused by the different sources of what the current national average is. Which one is the most accurate? Which one is quoted by the media? For example, here are the 30-year rates from 3 different sites, they're pretty different: Freddie Mac (Aug 11): 5.89% 0.5 pts bankrate.com: 5.39% HSH.com: 6.02% 0.29 pts First of all, bankrate doesn't even show the points, so what good is the rate without knowing how many points? And bankrate's numbers seem way too low to be a national average. HSH rate should be slightly higher than Freddie because HSH includes jumbo loans. Even if the source shows points, I don't see how you can compare each week's rates when the points are changing as well. They often show charts plotting rate over time. Well, what about the points data, are we supposed to just ignore it? It seems to me that they should be |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.