TODAY’S RATES & HOUSING NEWS

Average conventional mortgage interest rates
popped over 7% with the Mortgage Backed
Security (MBS) market trading down -56
bps. The 10 Year Treasury currently
sits at 4.623%.

The biggest market mover of the week
was the FED meeting. The FED
lowered the Federal Funds Rate by
25 bps as expected, but interest rates
went up substantially due to the FED’s
long-term projections for the Federal
Funds Rate.

They updated their estimations to 2
rate cuts in 2025 versus the 4 in their
previous dot plot. The below dot plots
shows where the FED members expect
the Federal Funds rate to be in the future.

Below are Mortgage News Daily’s
average interest rates across the country.
There are a lot of characteristics that
go into a mortgage rate – credit score,
investor, loan to value, loan amount,
costs, etc.

Please call me to go over your specific
scenario so we can price your loan
out accurately.

OR reply to this email with the answers
to the questions below for Mortgage
Options for your scenario.

REFINANCE QUOTE:

Goal of Refinance – Lower Payment, Cash Out, Etc:
Address of Home:
Estimated Value Of Home:
Current Loan Amount:
Loan Amount You Would Like to Finance:
Current Rate:
Do you know what type of Loan you are Currently in – FHA, VA, etc:
Estimated Credit Score:
Are You a Veteran or Active Member of the US Military: 
If you are a Veteran, do you get VA Disability:

HOME PURCHASE QUOTE:

What City and State Are You Looking to Buy In: 
Estimated Purchase Price:
Loan Amount You Would Like to Finance:
Will Property be a Primary Residence, Investment Property, or Vacation Home:
Estimated Credit Score:
Are You a Veteran or Active Member of the US Military: 
If you are a Veteran, do you get VA Disability:

Thank you!

HAVE A GREAT WEEK!