Very cool. Can you tell us the tech and tools you used to reliably scrape? or get all of the rate data from the various websites?
Show HN: I built a dashboard to compare mortgage rates across 120 credit unions
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Re: Show HN: I built a dashboard to compare mortgage rates across 120 credit unions
#32Great initiative and beautiful site! Tiny nitpick, the wrapping of the controls above the table on my phone could probably be improved. What did you use for the table?
Re: Show HN: I built a dashboard to compare mortgage rates across 120 credit unions
#33God I wish we had 30 year fixed mortgages here in Australia. Imagine getting one of those during covid when rates were below 3%. Incredible.
I have friends on 1% fixed rates over 30 here in Denmark. Bastards.
Doesn't Denmark allow to move your mortgage rate to another house? That is even better than the US.
Re: Show HN: I built a dashboard to compare mortgage rates across 120 credit unions
#34God I wish we had 30 year fixed mortgages here in Australia. Imagine getting one of those during covid when rates were below 3%. Incredible.
There are downsides. I have a really great rate on my mortgage, but our house is super expensive and small for our family… but now we can’t afford to move. If we moved to a new house, we would have to pay off this great mortgage and get a new one, at a much higher interest rate. Even if we found a house that cost the exact same as ours, the monthly payment would be 50% higher, because current interest rates are more…
Would renting it out be an option?
Re: Show HN: I built a dashboard to compare mortgage rates across 120 credit unions
#35Nice Work!
I found our credit union posts the mortgage rates clearly on a plain text like page. There's no BS and no games. Whereas with the big banks, you get the games and higher rates .. no matter if they have records of 10 years of your salary deposits. When I tried to suggest credit unions to friends, I got looks. Like, people just assume what everyone else does (get conned by big banks) is good.
Re: Show HN: I built a dashboard to compare mortgage rates across 120 credit unions
#36Good idea. A few years back I built https://originationdata.com that compares mortgage lenders (both FDIC & FCUA members) using HMDA data. I modeled rates by lender, product type as well as by facets like MSA (as well as STL FRED data, too). It grew for a few years and I was ecstatic-- getting backlinks organically from some impressive sites (e.g. larger banks themselves, consumer publications) as well as positive user feedback. Then Google pushed their "Helpful Content Update" and Google search traffic absolutely tanked, so I kind of abandoned it and moved onto other projects that won't be SEO oriented, since Google's view of quality is unbeknownst to me.
Re: Show HN: I built a dashboard to compare mortgage rates across 120 credit unions
#37Good idea. A few years back I built https://originationdata.com that compares mortgage lenders (both FDIC & FCUA members) using HMDA data. I modeled rates by lender, product type as well as by facets like MSA (as well as STL FRED data, too). It grew for a few years and I was ecstatic-- getting backlinks organically from some impressive sites (e.g. larger banks themselves, consumer publications) as well as positive us…
Oh snap! I was just looking at originationdata.com this week! So awesome. I had originally hoped HMDA data was more than annual, but no luck. It's also a shame that the current admin turned off the data stream here: https://www.consumerfinance.gov/owning-a-home/explore-rates/
I thought maybe you'd been hit by that update, but even more bummed to hear Google enshittification struck again.
Re: Show HN: I built a dashboard to compare mortgage rates across 120 credit unions
#38Nice Work! I found our credit union posts the mortgage rates clearly on a plain text like page. There's no BS and no games. Whereas with the big banks, you get the games and higher rates .. no matter if they have records of 10 years of your salary deposits. When I tried to suggest credit unions to friends, I got looks. Like, people just assume what everyone else does (get conned by big banks) is good.
If you'd like, I'd be happy to add that CU to the roster. Hoping to do more to make the full range of market options more mainstream.
Re: Show HN: I built a dashboard to compare mortgage rates across 120 credit unions
#39Very cool. Can you tell us the tech and tools you used to reliably scrape? or get all of the rate data from the various websites?
It's more manual than you might think! Sent a message to the email in your profile with more details :)
Re: Show HN: I built a dashboard to compare mortgage rates across 120 credit unions
#40Good idea. A few years back I built https://originationdata.com that compares mortgage lenders (both FDIC & FCUA members) using HMDA data. I modeled rates by lender, product type as well as by facets like MSA (as well as STL FRED data, too). It grew for a few years and I was ecstatic-- getting backlinks organically from some impressive sites (e.g. larger banks themselves, consumer publications) as well as positive us…
Oh snap! I was just looking at originationdata.com this week! So awesome. I had originally hoped HMDA data was more than annual, but no luck. It's also a shame that the current admin turned off the data stream here: https://www.consumerfinance.gov/owning-a-home/explore-rates/ I thought maybe you'd been hit by that update, but even more bummed to hear Google enshittification struck again.
The Modified LAR product is what you may want to look at, then. Yes, it is annual, but if you aren't against modeling data, look at the rate spread value, segment then project vs current FRED data and you'll get pretty close to actuals. You can also extract fees and derive APR in addition to having APY data.