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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
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
2020 Refi Boom Surpasses 2016's And It's Still Growing
2/21/2020
2020 Refi Boom is Official, But For How Long?
2/7/2020
Is The Housing Market Booming Again?
1/20/2020
Home Price Deceleration: Over or Merely on Pause?
1/2/2020
Trade Deal Rocks Markets, But There's a Catch
12/19/2019
2019: The Year Of The Trade War
12/5/2019
What's Behind This Week's Big Drop In Rates?
11/7/2019
The Trade Deal Just Made Your Mortgage Rate Higher, But There's a Catch
10/18/2019
ONCE AGAIN: THE FED DOESN'T SET MORTGAGE RATES!
9/23/2019
The Fed Did NOT Cut Mortgage Rates, But Trump Tried!
8/9/2019
Why a Fed Rate Cut Might Mean Higher Rates
7/17/2019
Rates Are Low. They're Also High. What's Up With That?
6/28/2019
Time For the Next Refi Boom?
6/10/2019
Why Aren't Mortgages Falling as Fast as Other Rates?
5/16/2019
Housing Market Gearing Up For a Big Week Ahead
4/29/2019
Best Month in a Decade For Mortgage Rates!
4/4/2019
Housing Pops; Rates Drop
3/14/2019
Why The Housing Market Cares About The Fed
2/25/2019
Is This The Last Chance for Low Rates?
1/24/2019
Is Everything Already Changing in 2019?
1/9/2019
The Fed Will Hike, But Rates Could Keep Falling
12/19/2018
Housing Showing Some Signs of Stabilizing
11/28/2018
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Read my reviews
Average Mortgage Rates
Mortgage News Daily
MBA
Freddie Mac
Rate
Change
Points
30 Yr. Fixed
7.38%
-0.05
--
15 Yr. Fixed
6.82%
-0.03
--
30 Yr. FHA
6.86%
-0.05
--
30 Yr. Jumbo
7.58%
-0.04
--
5/1 ARM
7.40%
0.00
--
Source: Mortgage News Daily
Rate
Change
Points
30 Yr. Fixed
7.13%
+0.12
0.00
15 Yr. Fixed
6.64%
+0.18
0.64
30 Yr. FHA
6.90%
+0.10
0.99
30 Yr. Jumbo
7.40%
+0.27
0.46
5/1 ARM
6.52%
+0.11
0.60
Source: The Mortgage Bankers Association
Rate
Change
Points
30 Yr. Fixed
7.10%
-0.34
0.00
15 Yr. Fixed
6.39%
-0.37
0.00
Source: Freddie Mac
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Market Data
MBS
Price
Change
UMBS 5.5
97.66
+0.18
UMBS 6.0
99.61
+0.14
UMBS 6.5
101.29
+0.15
GNMA 5.5
98.45
+0.13
GNMA 6.0
100.40
+0.10
GNMA 6.5
101.43
+0.08
US Treasuries
Yield
Change
2 YR
4.931
+0.007
5 YR
4.650
+0.020
10 YR
4.619
+0.017
30 YR
4.738
+0.008
Pricing as of:
4/24 1:51AM
EST
Recent Housing Data
Value
Change
Mortgage Apps
Apr 17
202.1
3.27%
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
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