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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
Recent News
How One Unexpected Event Completely Stole The Show This Week
3/17/2023
Rates Are Jumping Faster Than Most People Know
2/24/2023
Is The Housing Market Finally Bouncing Back?
2/3/2023
Markets Call The Fed's Bluff After Downbeat Data
1/13/2023
Mixed Signals in Housing Data and Small-Scale Volatility in Rates
12/23/2022
Rates Dream of Green Christmas With Help From The Fed
12/2/2022
Record Single Day Drop in Rates After Inflation Comes in Cooler
11/11/2022
20 Year High Rates as Inflation Persists. Any Hope in Sight?
10/21/2022
Mortgage Rates Closing in on 7%. Any Relief in Sight?
9/30/2022
Mortgage Rates Rose Sharply This Week
8/20/2022
The Real Reason Mortgage Rates Are Dropping at a Record Pace
7/29/2022
Don't Trust This Week's Mortgage Rate Headlines! (Except This One)
7/9/2022
2022 is Already The Worst Year For Rates Since 1979
6/17/2022
Big Shift in Housing Numbers. Scary or Welcome?
5/27/2022
Why Some Rate Quotes Are So Different And Why "Points" Are On The Rise
5/6/2022
Why Mortgage Rates Jumped Back Over 5% This Week
4/15/2022
Why Are Mortgage Rates Skyrocketing Toward 5%
3/28/2022
Staggeringly Big Rate Swings as Markets Remain Focused on Ukraine
3/5/2022
Mortgage Rates Leap Toward 4.0% After Jobs Report Shocker
2/11/2022
Making Sense of Rising Rates And The Risks Ahead
1/22/2022
Should We Be Worried?
12/10/2021
Mortgage Rates Are Actually Much Higher This Week
11/19/2021
Mortgage Rates Much Higher Despite Weaker Jobs Data
10/9/2021
Rate Reckoning Draws Closer
9/17/2021
Rates, Housing, Stuck In The Middle For Now
8/27/2021
What Did The Fed Do To Mortgage Rates?
8/6/2021
Big News For Refi Rates As Adverse Market Fee is Removed
7/17/2021
Mortgage Market's Most Powerful Person Just Got Fired. What Are The Implications?
6/25/2021
One of The Biggest Paradoxes You'll Ever See For Mortgage Rates
6/14/2021
What This Week's Jobs Report Means For Rates
6/7/2021
Big Inflation Scare, But Rates Remain Resilient
5/14/2021
Best 2 Weeks For Rates in Nearly a Year
4/23/2021
Who's Lying About The Housing Market?
4/2/2021
Rates Rising Relentlessly, But Why? And When Will They Stop?
3/12/2021
Time to Wake Up To The New Mortgage Rate Reality
2/22/2021
More Stellar Housing Numbers. How Long Can They Last?
1/29/2021
Refi Demand Surges as Mortgage Volatility Comes Roaring Back
1/15/2021
2016 Reminds Us How Completely Crazy Next Week Could Be For Rates
11/6/2020
Mixed Signals About Housing and Economic Recovery
6/5/2020
Mortgages Make The Fed Angry. You'd Like Them When They're Angry
3/26/2020
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Read my reviews
Average Mortgage Rates
Mortgage News Daily
MBA
Freddie Mac
Rate
Change
Points
30 Yr. Fixed
6.38%
-0.06
--
15 Yr. Fixed
5.87%
-0.06
--
30 Yr. FHA
5.70%
-0.02
--
30 Yr. Jumbo
5.95%
0.00
--
5/1 ARM
6.45%
-0.10
--
Source: Mortgage News Daily
Rate
Change
Points
30 Yr. Fixed
6.48%
-0.23
0.66
15 Yr. Fixed
6.02%
-0.12
0.60
30 Yr. FHA
6.32%
-0.26
1.07
30 Yr. Jumbo
6.30%
-0.09
0.55
5/1 ARM
5.58%
-0.11
0.75
Source: The Mortgage Bankers Association
Rate
Change
Points
30 Yr. Fixed
6.42%
-0.19
0.00
15 Yr. Fixed
5.68%
-0.30
0.00
Source: Freddie Mac
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Market Data
MBS
Price
Change
UMBS 5.0
100.09
+0.11
UMBS 5.5
101.22
+0.11
GNMA 5.0
100.48
+0.11
GNMA 5.5
101.42
+0.11
US Treasuries
Yield
Change
2 YR
3.767
-0.058
5 YR
3.408
-0.023
10 YR
3.372
-0.042
30 YR
3.644
-0.037
Pricing as of:
3/24 5:26PM
EST
Recent Housing Data
Value
Change
Mortgage Apps
Mar 22
221
3.03%
Building Permits
Nov 1
1.34M
-11.24%
Housing Starts
Nov 1
1.43M
-0.49%
New Home Sales
Oct 1
632K
7.48%
Pending Home Sales
Jan 1
82.5
8.13%
Existing Home Sales
Feb 1
4.58M
14.5%
Builder Confidence
Dec 1
31
-6.06%
Economic Calendar
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