| Denny is correct, the listings are run in the Boston Globe on
Saturday, on the third page of the Real Estate section.
It lists about 100 banks, credit unions, and mortgage companies,
with their names, phone numbers, rates for three types of
mortgages (15 and 30 year fixed, variable), minimum down payment
requirements, home equity loan rates, and new and used car loan
rates. It's a large set of numbers.
All the loan rates are in terms of APR, rather than giving the
interest rate and points separately. This is interesting
(especially when you see that the APR of many variable rate
loans is currently higher than the APR for fixed rate loans from
the same bank), but it isn't enough information to decide which
bank to take a mortgage from. For example, points are important
if the hose will be sold again within a few years, and lower
interest rates are usually possible with larger down-payments.
Now that I've more than answered the question and started a
potential rat hole, I guess I should add that further discussion
would be more appropriate in TALLIS::REAL_ESTATE. [I don't
actively follow that conference, but feel free to copy this note
if you move the discussion.]
B.J.
|
| Note that since DCU tends to lag the market in general, and since
rates have gone up recently, their mortgage rates are quite competitive
right now. Unfortunately, the same principle applies to DCU's CDs,
as they are not quite as attractive now.
_KB
|
| Re: .2 (my reply)
> Denny is correct, the listings are run in the Boston Globe on
> Saturday, on the third page of the Real Estate section.
Sigh. They put it on the fifth page of the section today.
> It lists about 100 banks, credit unions, and mortgage companies,
If I counted correctly, there are 245 listings. The phone
numbers are mostly in area code 617, with scattered 508 and
800 numbers.
B.J.
|