What is a good web site to find out the present market rate for loans for real estate?

By admin · July 28, 2010 · Filed in Web Site Marketing

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Reginald Whitcomb
July 28th, 2010 at 11:09 pm

Bank Rate {.com} http://www.bankrate.com is a good site, but not all programs run on their rates which are determined by the Federal Reserve Bank.

There are sevreal indexes that are used by different lenders and different lender programs. Such as the, COFI (Cost of Funds Index), COSI (Cost of Savings index), LIBOR (London Interbank Offered Rate), CODI (Cost of Deposits Index), and the MTA (Monthly Treasury Average).

Be aware of what index your program utilizes as some seem to be more stable than others for a variety of reasons.

go to well fargo’s web site http://www.wellfargo.com

http://www.bankrate.com has the current loan rates across nation

all the bank sites give these details

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