Mortgage Monitor watches U.S. mortgage and refinance rates so you know the moment it makes sense to refinance. Pick your state and it tailors the view to the lenders and credit unions available where you are, alongside the national benchmarks.
It gathers current rates from reputable public sources — Freddie Mac, Mortgage News Daily, major banks, regional credit unions, and aggregators like Bankrate and NerdWallet — organized by institution and loan type (30-year fixed, jumbo, 15-year fixed, 7/6 ARM, and cash-out refinance). Every quote links back to its source, and you can sort and filter to compare lenders side by side.
Set a target rate and Mortgage Monitor emails you as soon as the best obtainable lender offer drops to it — you confirm your address first, and can unsubscribe from any alert in one click. It clearly flags "conditional" rates (the low numbers that require a large deposit relationship, membership, or paying points) and, because it ranks on an APR/points-adjusted basis, a points-heavy teaser never looks better than it really is.
A built-in refinance calculator shows your new payment, monthly savings, and how many months it takes to recoup closing costs — so you refinance only when it actually pays off. A trend view tracks how rates move over time.
