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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
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
Read my reviews
Average Mortgage Rates
Mortgage News Daily
MBA
Freddie Mac
Rate
Change
Points
30 Yr. Fixed
6.89%
+0.08
--
15 Yr. Fixed
6.32%
+0.02
--
30 Yr. FHA
6.32%
+0.04
--
30 Yr. Jumbo
7.05%
+0.02
--
5/1 ARM
6.58%
-0.01
--
Source: Mortgage News Daily
Rate
Change
Points
30 Yr. Fixed
7.00%
-0.03
0.60
15 Yr. Fixed
6.63%
+0.07
0.61
30 Yr. FHA
6.87%
-0.03
0.92
30 Yr. Jumbo
7.13%
+0.02
0.38
5/1 ARM
6.22%
-0.16
0.60
Source: The Mortgage Bankers Association
Rate
Change
Points
30 Yr. Fixed
6.77%
-0.09
0.00
15 Yr. Fixed
6.05%
-0.11
0.00
Source: Freddie Mac
CONTACT ME
Market Data
MBS
Price
Change
UMBS 5.5
99.40
-0.17
UMBS 6.0
100.86
-0.11
GNMA 5.5
99.77
-0.04
GNMA 6.0
100.79
+0.05
US Treasuries
Yield
Change
2 YR
4.518
+0.005
5 YR
4.160
-0.006
10 YR
4.224
-0.014
30 YR
4.427
-0.020
Pricing as of:
7/22 6:55AM
EST
Recent Housing Data
Value
Change
Mortgage Apps
Jul 10
206.1
-0.19%
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
Sharply Lower Inflation Brings Fed Rate Cuts Into Focus
7/15/2024
June Shaping Up Nicely, But Bigger Tests Are Yet to Come
6/21/2024
The Fed is No Longer Eager to Cut Rates And The Market Knows It
5/31/2024
The Upcoming Week Will Be Significantly More Volatile
5/10/2024
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