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Joseph Lee
Mortgage Loan Officer, JLMLO
Mortgage Loan Officer
JLMLO
2150622
3450 Wilshire Blvd. Ste 1200-110 Los Angeles, CA 90010
CONTACT ME
Contact Me
213-841-4789
joseph@jlmlo.com
jlmlo.com
joseph@jlmlo.com
jlmlo.com
CONTACT ME
Recent News
Why Some Rate Quotes Are So Different And Why "Points" Are On The Rise
5/6/2022
The Fed's Playbook is Already Out For Next Week And Rates Have Already Reacted
4/29/2022
Mortgage Rates Are a Bit Higher (And Way Lower) Than You've Been Told
4/22/2022
Why Mortgage Rates Jumped Back Over 5% This Week
4/8/2022
When Will Prices Care About Rising Rates? And Are Rates Done Rising?
4/1/2022
Why Are Mortgage Rates Skyrocketing Toward 5%
3/25/2022
Highest Mortgage Rates in 3 Years After Fed Hikes, But Is There a Connection?
3/18/2022
Highest Rates In Nearly 3 Years Ahead of Next Week's Fed Hike
3/11/2022
Staggeringly Big Rate Swings as Markets Remain Focused on Ukraine
3/4/2022
Multi-Year Rate Highs Showing Little Concern For Geopolitical Risk
2/25/2022
Mortgage Rates Having Tough Time, But Housing Metrics Are Still Strong
2/18/2022
Highest Inflation Since The 80s; Highest Rates Since 2019; Huge Volatility on Friday
2/11/2022
Mortgage Rates Leap Toward 4.0% After Jobs Report Shocker
2/4/2022
Is The Fed Going to Kill The Economy?
1/28/2022
Making Sense of Rising Rates And The Risks Ahead
1/21/2022
Fed May Be Hiking in March, But Higher Rates Are Here Today
1/14/2022
Highest Mortgage Rates in Nearly 2 Years
1/7/2022
Introducing The "Not So Fast" Line
12/17/2021
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Average Mortgage Rates
Mortgage News Daily
MBA
Freddie Mac
Rate
Change
Points
30 Yr. Fixed
6.43%
+0.02
--
15 Yr. Fixed
5.95%
0.00
--
30 Yr. FHA
5.82%
+0.02
--
30 Yr. Jumbo
6.62%
0.00
--
5/1 ARM
6.28%
-0.01
--
Source: Mortgage News Daily
Rate
Change
Points
30 Yr. Fixed
6.44%
-0.06
0.54
15 Yr. Fixed
5.88%
-0.16
0.68
30 Yr. FHA
6.36%
-0.06
0.85
30 Yr. Jumbo
6.75%
+0.07
0.39
5/1 ARM
5.98%
-0.27
0.65
Source: The Mortgage Bankers Association
Rate
Change
Points
30 Yr. Fixed
6.35%
-0.51
0.00
15 Yr. Fixed
5.51%
-0.65
0.00
Source: Freddie Mac
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Market Data
MBS
Price
Change
UMBS 5.0
99.35
-0.16
UMBS 5.5
100.74
-0.10
GNMA 5.0
99.91
-0.04
GNMA 5.5
100.71
-0.10
US Treasuries
Yield
Change
2 YR
3.915
+0.022
5 YR
3.701
+0.035
10 YR
3.904
+0.042
30 YR
4.193
+0.047
Pricing as of:
8/30 5:59PM
EST
Recent Housing Data
Value
Change
Mortgage Apps
Aug 28
226.9
0.49%
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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