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Where Do the Interest Rates Come From?
Where Do the Interest Rates Come From?
Erica McGarvey avatar
Written by Erica McGarvey
Updated over a week ago

Interest rates are such a hot topic, and much like other aspects of Homebot, they prove to be a great conversation starter.

In this article, you'll find out where we source interest rates so that you can have a more informed conversation when talking to clients and leads.

We source our interest rates from two places:

  • Freddie Mac

  • Public Records


Freddie Mac

We pull interest rates every Thursday from Freddie Mac's national averages. To remain conservative, we round up a 1/4 of a point. We do this not only because rates change daily, but this can put you in a position to offer a better rate!

Below is an image of the refi module where estimated interest rates are displayed.

Estimated interest rates can also be found in the purchase module, as seen below:

To avoid compliance issues, we have disclaimers throughout the report letting homeowners know the interest rates are estimates and that they should contact their lender to discuss what they qualify for based on their circumstances.

The image below shows where to find the disclaimer in the refi module.

You can also include a custom disclaimer of your own if you like. You can do this by navigating to Account in the top right corner > Manage Profile and Settings > Profile:


Public Records

When adding a new homeowner to your account, we recommend you include their loan information, if possible. Whether you do or not, we’ll pull from public records and display what we can find.

The interest rates generated are the national average for the month the loan closed.

You or your client can update mortgage details from within the homeowner report anytime. Once the information is adjusted, the home report will be immediately corrected.


If you have any questions, please get in touch with customer support by clicking on the pink icon in the bottom right corner of your account.

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