Does anyone get local banks when they check on bankrate? All I ever get is Quicken Loans when I search for the Raleigh NC area, and 6.75% is not exactly great right now!!!
I agree bankrate is useless except when figuring out what your payment would be then it is great. The good old fashioned newspaper lists a lot of local banks and rates in their weekend edition. At least our local paper does.
http://www.mtgprofessor.com/WholesaleData/TablesCharts/WholesaleTablesAndCharts.aspx Here is the one I always check. I click on my state (where it says United States) and then click on last 12 days to see how the rates have changed. It's usually pretty close to what my loan officer is telling me.
When I worked in banking I heard from someone/somewhere that in order to be listed on bankrate.com the bank had to pay to be listed...like they would an advertisement. Don't know if it's true or not, but it might explain why it looks so empty now compared to before.
