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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
Rates Actually Fell to Recent Lows This Week
11/19/2018
A Few Great Reasons Not to Lose Hope in Housing and Rates
10/22/2018
Rates Surged to 5% This Week. Is There Any Hope?
10/5/2018
Rates Spike Ahead of Fed. Is There Any Good News?
9/24/2018
Booming Economy's Unintended Victims
9/11/2018
Let's Talk Turkey: Do US Markets Care?
8/16/2018
Should We Worry About a Housing Slowdown?
7/26/2018
Who (or What) Is Pulling The Strings?
7/5/2018
Next Week's Fed Rate Hike Won't Affect Rates
6/14/2018
Higher Rates Deserve Attention, Not Panic
5/24/2018
Interest Rate Volatility Comes Roaring Back
5/2/2018
Lowest Rates in 2 Months Face Big Test Next Week
4/13/2018
Why Housing And Rates Are Mostly Ignoring Trade War Drama
3/26/2018
Have Rates Finally Found a Ceiling?
2/23/2018
Why The Housing Market Can Survive Inflation Fears and Rising Rates
2/16/2018
Mortgage Rates Avoid More Dire Outcomes After Inflation Report
1/16/2018
CoreLogic - Don't Overlook Rates in Affordability Discussions
8/17/2017
Conflicting Views on Need for New Credit Scoring Models
8/4/2017
Millennial Homeownership Ticked Up in Q2
7/28/2017
Positive Opinion of Housing's Investment Value Highest in Decade
7/12/2017
Consumers Remain Upbeat About Buying, Selling Homes
7/7/2017
The 2 Components of Mortgage Rates: Upfront Cost and the Rate Itself
7/7/2017
Fannie Mae Issues May Volume Summary
7/3/2017
All About Locking Your Mortgage Rate
6/12/2017
Rates Edge Higher Ahead of Jobs Report
6/2/2017
Existing Home Sales Decline Slightly
5/24/2017
Builder Confidence Highest Since December
5/17/2017
April Permits, Starts, Slip from March Levels
5/17/2017
HARP Still Helping Underwater Homeowners
5/17/2017
Ocwen Stock Surges on Restructuring Efforts
5/2/2017
Second Best Month in 11 Years for Pending Home Sales
3/29/2017
Spring Housing Already Overheating—Think 60 Offers on One House
2/28/2017
Status Quo: 5-6% Annual Home Price Gains
1/31/2017
Does "Dow 20k" Matter For Rates/Housing?
1/6/2017
Housing Data Already Reflecting Rate Spike?
12/29/2016
Highest Rates in Years Raise Questions About Housing in 2017
12/22/2016
Rate Spike is Better and Worse Than You've Been Told
12/16/2016
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Read my reviews
Average Mortgage Rates
Mortgage News Daily
MBA
Freddie Mac
Rate
Change
Points
30 Yr. Fixed
7.45%
-0.07
--
15 Yr. Fixed
6.86%
-0.05
--
30 Yr. FHA
6.95%
-0.05
--
30 Yr. Jumbo
7.64%
-0.04
--
5/1 ARM
7.50%
-0.05
--
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
7.17%
-0.27
0.00
15 Yr. Fixed
6.44%
-0.32
0.00
Source: Freddie Mac
CONTACT ME
Market Data
MBS
Price
Change
UMBS 5.5
97.36
+0.35
UMBS 6.0
99.37
+0.30
UMBS 6.5
101.06
+0.17
GNMA 5.5
98.24
+0.37
GNMA 6.0
100.35
+0.27
GNMA 6.5
101.32
+0.19
US Treasuries
Yield
Change
2 YR
4.994
-0.003
5 YR
4.690
-0.029
10 YR
4.665
-0.039
30 YR
4.774
-0.040
Pricing as of:
4/26 5:05PM
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
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