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Mike Drews
Branch Manager, Fairway Independent Mortgage
Branch Manager
Fairway Independent Mortgage
279960
16620 West Blue Mound Rd Brookfield, WI 53005
CONTACT ME
Contact Me
4147048853
mike.drews@fairwaymc.com
mike.drews@fairwaymc.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
7.20%
+0.01
--
15 Yr. Fixed
6.66%
+0.02
--
30 Yr. FHA
6.64%
+0.02
--
30 Yr. Jumbo
7.41%
0.00
--
5/1 ARM
7.33%
+0.03
--
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
98.27
-0.27
UMBS 6.0
100.06
-0.15
UMBS 6.5
101.56
-0.09
GNMA 5.5
98.98
-0.29
GNMA 6.0
100.91
-0.21
GNMA 6.5
101.58
-0.14
US Treasuries
Yield
Change
2 YR
4.830
-0.002
5 YR
4.508
+0.008
10 YR
4.462
+0.004
30 YR
4.604
+0.006
Pricing as of:
5/8 8:28PM
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
View All
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