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Michael Floren
Low Cost Mortgage
Low Cost Mortgage
685 Citadel Dr. E. Suite 290-9 Colorado Springs, Colorado 80909-____
CONTACT ME
Contact Me
mike@lcmloans.com
mike@lcmloans.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
Average Mortgage Rates
Mortgage News Daily
MBA
Freddie Mac
Rate
Change
Points
30 Yr. Fixed
7.19%
-0.06
--
15 Yr. Fixed
6.64%
-0.04
--
30 Yr. FHA
6.62%
-0.02
--
30 Yr. Jumbo
7.41%
-0.04
--
5/1 ARM
7.30%
-0.02
--
Source: Mortgage News Daily
Rate
Change
Points
30 Yr. Fixed
7.24%
+0.11
0.66
15 Yr. Fixed
6.75%
+0.11
0.64
30 Yr. FHA
7.01%
+0.11
0.94
30 Yr. Jumbo
7.45%
+0.05
0.56
5/1 ARM
6.64%
+0.12
0.87
Source: The Mortgage Bankers Association
Rate
Change
Points
30 Yr. Fixed
7.22%
-0.22
0.00
15 Yr. Fixed
6.47%
-0.29
0.00
Source: Freddie Mac
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Market Data
MBS
Price
Change
UMBS 5.5
98.54
+0.20
UMBS 6.0
100.21
+0.15
UMBS 6.5
101.66
+0.16
GNMA 5.5
99.27
+0.22
GNMA 6.0
101.11
+0.20
GNMA 6.5
101.72
+0.16
US Treasuries
Yield
Change
2 YR
4.833
+0.004
5 YR
4.474
-0.020
10 YR
4.458
-0.028
30 YR
4.598
-0.038
Pricing as of:
5/7 5:08PM
EST
Recent Housing Data
Value
Change
Mortgage Apps
Apr 24
196.7
-2.67%
Building Permits
Mar 1
1.46M
-3.95%
Housing Starts
Mar 1
1.32M
-13.15%
New Home Sales
Mar 1
693K
4.68%
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
Despite Bigger Bumps, Fed Still Sees Path to Lower Rates
5/3/2024
Expect Tougher Talk From The Fed After This Week's Inflation Data
4/26/2024
The Case of The Disappearing Rate Cuts
4/19/2024
Rates Rocked by Inflation Data
4/12/2024
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