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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
Recent News
Why a Fed Rate Cut Might Mean Higher Rates
7/12/2019
Jobs Report Fires Warning Shot For Rates
7/5/2019
Rates Are Low. They're Also High. What's Up With That?
6/28/2019
Fed Confirms Market's Hopes, But There's a Catch
6/21/2019
Low Rates Lighting a Fire Under Housing/Mortgage Markets
6/14/2019
Time For the Next Refi Boom?
6/7/2019
Another Wild Week Leaves Rates at Long-Term Lows
5/31/2019
Let's Put "Weaker" Home Sales in Perspective
5/24/2019
Rates Near Lowest Levels in Over a Year
5/17/2019
Why Aren't Mortgages Falling as Fast as Other Rates?
5/10/2019
Big Bounce in Home Sales And What it Could Mean For Prices
5/3/2019
Housing Market Gearing Up For a Big Week Ahead
4/26/2019
Did Rates Get Too Good To Last?
4/12/2019
After Massive Response Last Week, Are Low Rates Already Gone?
4/5/2019
Best Month in a Decade For Mortgage Rates!
3/29/2019
Rates Dropping Fast as Home Sales Bounce Back
3/22/2019
Lowest Rates in 14 Months And More Volatility Ahead
3/15/2019
Housing Pops; Rates Drop
3/8/2019
Home Sales Bouncing Back, But So Are Rates
3/1/2019
Why The Housing Market Cares About The Fed
2/22/2019
Why 2019 Could Actually be Great For Housing and Mortgage Markets
2/15/2019
Lowest Rates in a Year, And They Could Go Even Lower. What Changed?
2/8/2019
Why We're Seeing Huge Moves in Home Sales, Prices, and Rates
2/1/2019
Housing Market Weakness Depends on Perspective
1/25/2019
Is This The Last Chance for Low Rates?
1/18/2019
Does Housing Care About The Shutdown?
1/11/2019
Is Everything Already Changing in 2019?
1/4/2019
Big Risks and Opportunities Heading Into The New Year
12/28/2018
What's Up With Market Madness After Fed's Rate Hike?
12/21/2018
The Fed Will Hike, But Rates Could Keep Falling
12/14/2018
Just When You Thought It Couldn't Get Any Crazier
12/7/2018
Are The Highest Interest Rates Behind Us?
11/30/2018
Housing Showing Some Signs of Stabilizing
11/23/2018
Rates Actually Fell to Recent Lows This Week
11/16/2018
Who Gets The Blame For Higher Rates?
11/9/2018
Why Strong Job Gains Hurt Both Sides of The Market
11/2/2018
Here's Why You Can't Trust The News When it Comes to Stocks and Interest Rates
10/26/2018
A Few Great Reasons Not to Lose Hope in Housing and Rates
10/19/2018
Interest Rates Don’t Go Up In a Straight Line – Here’s Why
10/12/2018
Rates Surged to 5% This Week. Is There Any Hope?
10/5/2018
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Average Mortgage Rates
Mortgage News Daily
MBA
Freddie Mac
Rate
Change
Points
30 Yr. Fixed
7.39%
+0.01
--
15 Yr. Fixed
6.83%
+0.01
--
30 Yr. FHA
6.87%
+0.01
--
30 Yr. Jumbo
7.58%
0.00
--
5/1 ARM
7.40%
0.00
--
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
7.10%
-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
97.45
-0.21
UMBS 6.0
99.44
-0.18
UMBS 6.5
101.17
-0.13
GNMA 5.5
98.30
-0.16
GNMA 6.0
100.25
-0.15
GNMA 6.5
101.30
-0.13
US Treasuries
Yield
Change
2 YR
4.925
+0.000
5 YR
4.656
+0.026
10 YR
4.642
+0.041
30 YR
4.776
+0.047
Pricing as of:
4/24 7:49PM
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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