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Scott Ward
President, Potomac Mortgage Advisors
President
Potomac Mortgage Advisors
NMLS 4065
46169 Westlake Drive Suite 100 POTOMAC FALLS, VA 20165
CONTACT ME
Contact Me
703-406-8200
scott.ward@potomacmortgageadvisors.com
www.PotomacMortgageAdvisors.com
scott.ward@potomacmortgageadvisors.com
www.PotomacMortgageAdvisors.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
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
CONTACT ME
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
Recent News
Failing Banks, Falling Rates, Falling Prices. Should You Worry?
3/24/2023
The Fed Will Still Raise Rates in March, And That’s Why Rates May Keep Falling
3/17/2023
How One Unexpected Event Completely Stole The Show This Week
3/10/2023
How One Unexpected Event Completely Stole The Show This Week
3/10/2023
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