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CONTACT ME
Frank Silva
Mortgage Banker / Vice President of Residential Lending, City National Bank of Florida
Mortgage Banker / Vice President of Residential Lending
City National Bank of Florida
NMLS# 546580
100 S.E. 2nd Street, 14th Floor Miami, FL 33131
CONTACT ME
Contact Me
305-333-5723
frank.silva@citynational.com
frank.silva@citynational.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
7.02%
+0.03
--
15 Yr. Fixed
6.53%
+0.03
--
30 Yr. FHA
6.55%
+0.03
--
30 Yr. Jumbo
7.31%
+0.01
--
5/1 ARM
7.24%
+0.04
--
Source: Mortgage News Daily
Rate
Change
Points
30 Yr. Fixed
7.08%
-0.10
0.63
15 Yr. Fixed
6.61%
+0.01
0.65
30 Yr. FHA
6.89%
-0.03
0.94
30 Yr. Jumbo
7.22%
-0.09
0.58
5/1 ARM
6.56%
-0.04
0.66
Source: The Mortgage Bankers Association
Rate
Change
Points
30 Yr. Fixed
7.02%
-0.42
0.00
15 Yr. Fixed
6.28%
-0.48
0.00
Source: Freddie Mac
CONTACT ME
Market Data
MBS
Price
Change
UMBS 5.5
99.02
-0.31
UMBS 6.0
100.55
-0.25
UMBS 6.5
101.85
-0.15
GNMA 5.5
99.67
-0.19
GNMA 6.0
101.31
-0.18
GNMA 6.5
101.66
-0.15
US Treasuries
Yield
Change
2 YR
4.776
-0.022
5 YR
4.385
-0.011
10 YR
4.312
-0.029
30 YR
4.474
-0.032
Pricing as of:
5/16 9:36PM
EST
Recent Housing Data
Value
Change
Mortgage Apps
May 15
198.1
0.51%
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
The Upcoming Week Will Be Significantly More Volatile
5/10/2024
Despite Bigger Bumps, Fed Still Sees Path to Lower Rates
5/3/2024
Expect Tougher Talk From The Fed After This Week's Inflation Data
4/26/2024
The Case of The Disappearing Rate Cuts
4/19/2024
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