The Credit Union Mortgage Association can make the crawling easier via this link: https://mortgages.cumortgage.net/start_up.asp
Show HN: I built a dashboard to compare mortgage rates across 120 credit unions
51–60 of 132 posts
Re: Show HN: I built a dashboard to compare mortgage rates across 120 credit unions
#52Earlier quoted context omitted.
Do 30-year mortgages make the other houses more expensive somehow? It sounds like you got a good deal and any change would be worse than the good deal you got. I'd appreciate it if I was you. Edit: unless you mean that the downside of 30-year mortgages is you hardly get to pay off the principal in the first several years and don't build much equity maybe? That's more a "long mortgages" thing.
I appreciate the good deal we have, but my point is that long term fixed mortgages really complicates the housing market and can make it so you are stuck where you are, especially if you buy a house when rates are low. Think about what happens. My wife and I wanted to buy a house. Our budget is mostly around what we can afford as our monthly payment, just like everyone else. That means if interest rates are low, we c…
But, moving to a new house doesn't necessarily mean you have to sell the old house. In fact, since you got such a good deal on the first house, you can probably rent it our for a profit, and said profit can help you pay whatever you need to pay to be able to move to a new house that's more expensive, yet similar in quality.
Re: Show HN: I built a dashboard to compare mortgage rates across 120 credit unions
#53Do you do daily scraping to get fresh data? or use services like firecrawler or something?
Re: Show HN: I built a dashboard to compare mortgage rates across 120 credit unions
#54Awesome
Re: Show HN: I built a dashboard to compare mortgage rates across 120 credit unions
#55Nice 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.
I too have noticed an inexplicable apprehension about credit unions, even large ones such as Wings. They are almost uniformly better for individuals than big banks, yet people imagine a scenario where they'll need to withdraw cash in the middle of the Mojave so they need WF. Spoiler: 1) you won't and 2) you still can.
Re: Show HN: I built a dashboard to compare mortgage rates across 120 credit unions
#56Nice work. Navy Federal has always had competitive rates: https://www.navyfederal.org/loans-cards/mortgage/mortgage-ra... Membership requires a military connection in the family, but it can go back to grandparents: https://www.navyfederal.org/membership/eligibility.html
Love a public rates page. Added to my list for tomorrow.
Re: Show HN: I built a dashboard to compare mortgage rates across 120 credit unions
#57 > Estimated monthly payment based on purchasing $400,000 home with 20% down, $567/mo taxes and insurance, and 1.65% closing costs.
Except maybe Texas, where else can you buy a house/apt in the US near a major job center for only 400k?
Re: Show HN: I built a dashboard to compare mortgage rates across 120 credit unions
#58Cool concept, but it doesn’t account for assumptions the sites make when displaying rates. Not something to you can really account for across the board though is it? Like “assuming a $300k loan on a home valued at $600k” to get a low 5’s rate… for example.
Re: Show HN: I built a dashboard to compare mortgage rates across 120 credit unions
#59Re: Show HN: I built a dashboard to compare mortgage rates across 120 credit unions
#60> Estimated monthly payment based on purchasing $400,000 home with 20% down, $567/mo taxes and insurance, and 1.65% closing costs. Does anyone know the source of these numbers? Example: The are national median values. Except maybe Texas, where else can you buy a house/apt in the US near a major job center for only 400k?
National median home price is $410k[1]. Texas is less than $300k[2]. Only thing that's unrealistic is most people who buy a house for $400k will probably get an FHA loan and put 3% down so will have a higher payment because of (1) mortgage insurance and (2) borrowing more money.
[1]: https://fred.stlouisfed.org/series/MSPUS [2]: https://www.zillow.com/home-values/6915/san-antonio-tx/