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Matt Hodges
Charlottesville Sales Manager, Presidential Mortgage Group
Charlottesville Sales Manager
Presidential Mortgage Group
NMLS #295347
1412 Sachem Place Charlottesville, VA 22901
CONTACT ME
Contact Me
434-817-5120
matt.hodges@presidential.com
www.pmg-loans.com/matt.hodges
matt.hodges@presidential.com
www.pmg-loans.com/matt.hodges
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
6.91%
0.00
--
15 Yr. Fixed
6.47%
0.00
--
30 Yr. FHA
6.39%
-0.01
--
30 Yr. Jumbo
7.30%
0.00
--
5/1 ARM
6.61%
+0.01
--
Source: Mortgage News Daily
Rate
Change
Points
30 Yr. Fixed
6.93%
-0.04
0.60
15 Yr. Fixed
6.46%
-0.03
0.75
30 Yr. FHA
6.75%
-0.14
0.97
30 Yr. Jumbo
7.14%
0.00
0.38
5/1 ARM
6.27%
-0.06
0.64
Source: The Mortgage Bankers Association
Rate
Change
Points
30 Yr. Fixed
6.87%
-0.57
0.00
15 Yr. Fixed
6.21%
-0.55
0.00
Source: Freddie Mac
CONTACT ME
Market Data
MBS
Price
Change
UMBS 5.5
99.66
+0.14
UMBS 6.0
101.02
+0.06
GNMA 5.5
100.09
+0.14
GNMA 6.0
100.95
+0.08
US Treasuries
Yield
Change
2 YR
4.625
+0.057
5 YR
4.234
+0.051
10 YR
4.219
+0.031
30 YR
4.360
+0.011
Pricing as of:
3/28 6:32AM
EST
Recent Housing Data
Value
Change
Mortgage Apps
Mar 27
196.8
-0.71%
Building Permits
Feb 1
1.52M
1.95%
Housing Starts
Feb 1
1.52M
10.7%
New Home Sales
Feb 1
662K
0.15%
Pending Home Sales
Jan 1
74.3
-3.88%
Existing Home Sales
Feb 1
3.97M
-0.75%
Builder Confidence
Mar 1
51
6.25%
Economic Calendar
Recent News
Fed Surprisingly Calm on Inflation Risk; Home Sales Improve
3/22/2024
On The Road To Rate Cuts, Markets Asking "Are We There Yet?" (Spoiler Alert: No)
3/15/2024
Lowest Rates in Over a Month. Upcoming Inflation Data Casts a Critical Vote
3/8/2024
Rates Defend The Ceiling. High Stakes Week(s) Ahead
3/1/2024
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