Methodology
Every figure on CurrentRates is pulled directly from the institution that publishes it, stored with the date it was observed and the date we retrieved it, and shown with both. We keep the original API response for each reading so any number we have ever published can be traced back to its source.
Benchmarks are not offers. A benchmark describes the market: an average, an index, or a policy rate. It is not a quote, and no lender is obliged to give you the rate shown. Where CurrentRates shows offers from commercial partners, they appear in separate tables that say so plainly.
Two sources can both be right. Freddie Mac's weekly survey and a daily rate-lock index will rarely agree, because one is a weekly average of quoted rates and the other is a daily average of what borrowers actually locked. We publish both and label what each one measures rather than blending them into a single number.
Revisions are kept. Agencies revise. When a published value changes we update the figure, increment its revision number and retain the superseded value.
Stale data is labelled. If a feed stops publishing on its normal schedule, the affected rates carry a “stale” marker instead of quietly continuing to look current.
Reference rate data is published by the New York Fed under its terms of use for select rate data, which permit redistribution with attribution.
Source: Federal Reserve Bank of New York · Provider site · Terms
U.S. Government work, in the public domain.
Source: U.S. Department of the Treasury · Provider site · Terms