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Jason Minnick
Broker, Market Elite Inc.
Broker
Market Elite Inc.
NMLS ID 1024739
43260 Garfield Rd, 250 Clinton Township, Michigan 48038
CONTACT ME
Contact Me
586-226-3200
Jason@marketelite.com
marketelite.com/
Jason@marketelite.com
marketelite.com/
CONTACT ME
Educational Series
What Causes Mortgage Rates to Change?
The 2 Components of Mortgage Rates: Upfront Cost and the Rate Itself
All About Locking Your Mortgage Rate
What are Mortgage-Backed Securities?
No, The Fed Hike Doesn't Mean Anything For Mortgage Rates
Read my reviews
Average Mortgage Rates
Mortgage News Daily
MBA
Freddie Mac
Rate
Change
Points
30 Yr. Fixed
7.41%
-0.09
--
15 Yr. Fixed
6.83%
-0.06
--
30 Yr. FHA
6.87%
-0.08
--
30 Yr. Jumbo
7.60%
-0.04
--
5/1 ARM
7.37%
-0.03
--
Source: Mortgage News Daily
Rate
Change
Points
30 Yr. Fixed
7.01%
+0.10
0.59
15 Yr. Fixed
6.46%
+0.11
0.60
30 Yr. FHA
6.80%
+0.06
0.93
30 Yr. Jumbo
7.13%
+0.07
0.56
5/1 ARM
6.41%
+0.04
0.67
Source: The Mortgage Bankers Association
Rate
Change
Points
30 Yr. Fixed
6.88%
-0.56
0.00
15 Yr. Fixed
6.16%
-0.60
0.00
Source: Freddie Mac
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Market Data
MBS
Price
Change
UMBS 5.5
97.62
+0.53
UMBS 6.0
99.58
+0.48
UMBS 6.5
101.30
+0.38
GNMA 5.5
98.29
+0.47
GNMA 6.0
100.16
+0.56
GNMA 6.5
101.23
+0.34
US Treasuries
Yield
Change
2 YR
4.923
-0.012
5 YR
4.599
-0.020
10 YR
4.571
-0.018
30 YR
4.688
-0.016
Pricing as of:
4/18 5:21AM
EST
Recent Housing Data
Value
Change
Mortgage Apps
Apr 10
195.7
0.05%
Building Permits
Mar 1
1.46M
-3.95%
Housing Starts
Mar 1
1.32M
-13.15%
New Home Sales
Feb 1
662K
0.15%
Pending Home Sales
Feb 1
75.6
1.75%
Existing Home Sales
Feb 1
3.97M
-0.75%
Builder Confidence
Mar 1
51
6.25%
Economic Calendar
Recent News
Tame Week For Rates and Housing Data, But Change is Coming
3/29/2024
Rates Defend The Ceiling. High Stakes Week(s) Ahead
3/8/2024
Conflicting News on Rates, But Everyone Agrees on The Next Main Event
2/16/2024
Highest Mortgage Rates in More Than a Month, But There Are Silver Linings
1/26/2024
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