Q:

Who publishes a mortgage interest rate table?

A:

Quick Answer

Financial websites such as Bankrate and Market Watch provide updated national interest rate tables, as each organization's website indicates. Both websites provide interest rates on 30-year fixed-rate mortgages, 15-year fixed-rate mortgages, 5/1 adjustable-rate mortgages and 30-year fixed jumbo mortgages.

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Full Answer

As of 2015, Bankrate provides users with current interest rate tables on home equity loans and home equity lines of credit along with interest rates on auto loans and certificates of deposit, according to its website. The mortgage interest rate table tracks a three-month trend, and Bankrate adjusts the table according to weekly interest rate changes. Bankrate provides a separate table that follows the 30-year fixed mortgage interest rate exclusively.

Unlike Bankrate, Market Watch provides real-time interest rate tables covering 30-year, 15-year and 1-year fixed interest rates. Market Watch also provides real-time rates on 5/1 jumbo adjustable-rate mortgages, according to the Market Watch website. Jumbo mortgages are any loans that exceed $417,000, which is the conforming loan amount limit set by Fannie Mae and Freddie Mac as of 2015.

Both Bankrate and Market Watch offer features that allow users to compare mortgage interest rates by state and by lenders. By entering the loan amount, down payment, points and FICO score, users can compare rates by loan type, such as purchase or refinance transactions, as each site explains.

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