The Midwestern Dad works with a market-leading data provider, RateUpdate.com, to track the single day average of mortgage rates that real-world borrowers are locking both nationwide, and by specific state. The displayed rates come from multiple providers and represent market averages. Your mortgage rates will differ based on individual factors like your credit score as well as differing loan types and terms offered by lenders.
This data gives our readers an insight into actual mortgage rates secured by over 40% of the US mortgage market. This ensures that rate averages displayed on our site represent a large portion of the overall market.
Top purchase and refinance lenders and usage statics are for retail (direct to consumer) lenders and made available through lender reporting from the 2022 Home Mortgage Disclosure Act (HMDA).