• Introduction

• Mortgage Rate Index

• Index Methodologies

• Mortgage Spreads

• Mortgage Automation

INTRODUCTION

The LendZen Index tracks the price of mortgage rates across a spectrum of mortgage-backed securities.

Each chart starts at $0 for the first date 🔵 of the time series and measures the rate of change in dollar terms per $100K of loan amount.

The most expensive point in the series is marked with a red 🔴 dot, and the least expensive with a green 🟢 dot.

The measurements in the key box show the total change in price between each colored dot on the index, including high-to-low for descending charts and low-to-high for ascending charts.

This publication is focused on the index data only. If you want to dive deeper into the events influencing markets and mortgage rates, then visit my Weekly Kut Substack.

To shop real-time mortgage rates and get instant qualification results visit LendZen.com

LendZen provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront.

MORTGAGE RATE INDEX

The 5-Day change in price is -60 basis points (bps).

The last 24-hour change is -7 bps.

Since May 15, the price of mortgage rates decreased 66 basis points, as seen in the 10-Day chart below.

During the last 30 days (🔵 to 🟡) mortgages have increased in price by 50 basis points.

The 30-Day chart is useful for spotting trends, plus it gives value to them.

For example, the change in price from the low 🟢 to the high 🔴 was 161 basis points.

This was a change of $8050 on a $500,000 mortgage.

Over the past year mortgage rates are now 218 bps less expensive.

The highest price was  May 30, and the lowest price was February 27.

INDEX METHODOLOGIES

Most mortgages are sold into mortgage-backed securities (MBS). The price of these bonds determines rates for all banks and lenders.

However, mortgage rates DO NOT rise or fall.

The full range of rates is always available, and instead the price of each rate is what changes.

For example, when mortgage bond prices fall the fee for each rate increases. The same rates exist, but now each is more expensive.

Traditional mortgage indices falsely suggest rates are changing by posting a daily “average” they conjure up from unverifiable data.

Meanwhile, the LendZen Index tracks the price of each mortgage rate across a spectrum of publicly traded MBS.

This provides a clearer picture of how the cost to obtain a mortgage has changed, regardless of the lender, rate, or borrower credit score.

LENDZEN MORTGAGE TREASURY SPREAD

Tracking the “spread” between mortgages and treasury bonds can provide useful perspectives, but only if measured accurately.

There are unique dynamics of mortgage-backed securities, such as prepayment speeds, that are overlooked by the “average rate” indexes.

However, these variables heavily influence how investors allocate to mortgage bonds, and a spread that is calculated without this information has critical flaws that make it unreliable.

The LendZen Mortgage Treasury Spread (LMTS) uses actual bond yields to create a historically consistent and reliable data set.

May 29  =  0.97           24h  =  0 bps 

12m Avg  =  1.05       YoY  =  - 38 bps 

Subscribe now

LENDZEN MORTGAGE AUTOMATION

In addition to the insights provided by the LendZen Index and the LMTS, you can also check real-time mortgage rates without any human interaction.

LendZen.com (NMLS# 375788) provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront as bond prices change.

This eliminates the need for the salespeople who make mortgages so expensive at other lenders.

Some of the unique features you will find on LendZen include:

• Customize your own loan in under a minute and get instant qualification results for your exact scenario. Then revisit your real-time options anytime in the future with just one-click – no need to contact a salesperson, reply to “quote threads”, or fill out documents.

• Request an official Loan Estimate for the exact pricing you see online with no extra steps.

• Refinance loans get an instant BREAKEVEN analysis based on pure math and without any sales bias. The analysis shows you whether a refinance will benefit you and what rate has the most savings, using any timeline you decide.

All of this is at your fingertips when you visit LendZen.com

• Introduction

• Mortgage Rate Index

• Index Methodologies

• Mortgage Spreads

• Mortgage Automation

INTRODUCTION

The LendZen Index tracks the price of mortgage rates across a spectrum of mortgage-backed securities.

Each chart starts at $0 for the first date 🔵 of the time series and measures the rate of change in dollar terms per $100K of loan amount.

The most expensive point in the series is marked with a red 🔴 dot, and the least expensive with a green 🟢 dot.

The measurements in the key box show the total change in price between each colored dot on the index, including high-to-low for descending charts and low-to-high for ascending charts.

This publication is focused on the index data only. If you want to dive deeper into the events influencing markets and mortgage rates, then visit my Weekly Kut Substack.

To shop real-time mortgage rates and get instant qualification results visit LendZen.com

LendZen provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront.

MORTGAGE RATE INDEX

The 5-Day change in price is -54 basis points (bps).

The last 24-hour change is -15 bps.

Since May 14, the price of mortgage rates decreased 16 basis points, as seen in the 10-Day chart below.

During the last 30 days (🔵 to 🟡) mortgages have increased in price by 47 basis points.

The 30-Day chart is useful for spotting trends, plus it gives value to them.

For example, the change in price from the low 🟢 to the high 🔴 was 160 basis points.

This was a change of $8000 on a $500,000 mortgage.

Over the past year mortgage rates are now 248 bps less expensive.

The highest price was  May 28, and the lowest price was February 27.

INDEX METHODOLOGIES

Most mortgages are sold into mortgage-backed securities (MBS). The price of these bonds determines rates for all banks and lenders.

However, mortgage rates DO NOT rise or fall.

The full range of rates is always available, and instead the price of each rate is what changes.

For example, when mortgage bond prices fall the fee for each rate increases. The same rates exist, but now each is more expensive.

Traditional mortgage indices falsely suggest rates are changing by posting a daily “average” they conjure up from unverifiable data.

Meanwhile, the LendZen Index tracks the price of each mortgage rate across a spectrum of publicly traded MBS.

This provides a clearer picture of how the cost to obtain a mortgage has changed, regardless of the lender, rate, or borrower credit score.

LENDZEN MORTGAGE TREASURY SPREAD

Tracking the “spread” between mortgages and treasury bonds can provide useful perspectives, but only if measured accurately.

There are unique dynamics of mortgage-backed securities, such as prepayment speeds, that are overlooked by the “average rate” indexes.

However, these variables heavily influence how investors allocate to mortgage bonds, and a spread that is calculated without this information has critical flaws that make it unreliable.

The LendZen Mortgage Treasury Spread (LMTS) uses actual bond yields to create a historically consistent and reliable data set.

May 28  =  0.97           24h  =  -1 bps 

12m Avg  =  1.05       YoY  =  - 40 bps 

Subscribe now

LENDZEN MORTGAGE AUTOMATION

In addition to the insights provided by the LendZen Index and the LMTS, you can also check real-time mortgage rates without any human interaction.

LendZen.com (NMLS# 375788) provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront as bond prices change.

This eliminates the need for the salespeople who make mortgages so expensive at other lenders.

Some of the unique features you will find on LendZen include:

• Customize your own loan in under a minute and get instant qualification results for your exact scenario. Then revisit your real-time options anytime in the future with just one-click – no need to contact a salesperson, reply to “quote threads”, or fill out documents.

• Request an official Loan Estimate for the exact pricing you see online with no extra steps.

• Refinance loans get an instant BREAKEVEN analysis based on pure math and without any sales bias. The analysis shows you whether a refinance will benefit you and what rate has the most savings, using any timeline you decide.

All of this is at your fingertips when you visit LendZen.com

• Introduction

• Mortgage Rate Index

• Index Methodologies

• Mortgage Spreads

• Mortgage Automation

INTRODUCTION

The LendZen Index tracks the price of mortgage rates across a spectrum of mortgage-backed securities.

Each chart starts at $0 for the first date 🔵 of the time series and measures the rate of change in dollar terms per $100K of loan amount.

The most expensive point in the series is marked with a red 🔴 dot, and the least expensive with a green 🟢 dot.

The measurements in the key box show the total change in price between each colored dot on the index, including high-to-low for descending charts and low-to-high for ascending charts.

This publication is focused on the index data only. If you want to dive deeper into the events influencing markets and mortgage rates, then visit my Weekly Kut Substack.

To shop real-time mortgage rates and get instant qualification results visit LendZen.com

LendZen provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront.

MORTGAGE RATE INDEX

The 5-Day change in price is -51 basis points (bps).

The last 24-hour change is -6 bps.

Since May 13, the price of mortgage rates increased 4 basis points, as seen in the 10-Day chart below.

During the last 30 days (🔵 to 🟡) mortgages have increased in price by 71 basis points.

The 30-Day chart is useful for spotting trends, plus it gives value to them.

For example, the change in price from the low 🟢 to the high 🔴 was 160 basis points.

This was a change of $8000 on a $500,000 mortgage.

Over the past year mortgage rates are now 221 bps less expensive.

The highest price was  May 28, and the lowest price was February 27.

INDEX METHODOLOGIES

Most mortgages are sold into mortgage-backed securities (MBS). The price of these bonds determines rates for all banks and lenders.

However, mortgage rates DO NOT rise or fall.

The full range of rates is always available, and instead the price of each rate is what changes.

For example, when mortgage bond prices fall the fee for each rate increases. The same rates exist, but now each is more expensive.

Traditional mortgage indices falsely suggest rates are changing by posting a daily “average” they conjure up from unverifiable data.

Meanwhile, the LendZen Index tracks the price of each mortgage rate across a spectrum of publicly traded MBS.

This provides a clearer picture of how the cost to obtain a mortgage has changed, regardless of the lender, rate, or borrower credit score.

LENDZEN MORTGAGE TREASURY SPREAD

Tracking the “spread” between mortgages and treasury bonds can provide useful perspectives, but only if measured accurately.

There are unique dynamics of mortgage-backed securities, such as prepayment speeds, that are overlooked by the “average rate” indexes.

However, these variables heavily influence how investors allocate to mortgage bonds, and a spread that is calculated without this information has critical flaws that make it unreliable.

The LendZen Mortgage Treasury Spread (LMTS) uses actual bond yields to create a historically consistent and reliable data set.

May 27  =  0.98           24h  =  0 bps 

12m Avg  =  1.05       YoY  =  - 38 bps 

Subscribe now

LENDZEN MORTGAGE AUTOMATION

In addition to the insights provided by the LendZen Index and the LMTS, you can also check real-time mortgage rates without any human interaction.

LendZen.com (NMLS# 375788) provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront as bond prices change.

This eliminates the need for the salespeople who make mortgages so expensive at other lenders.

Some of the unique features you will find on LendZen include:

• Customize your own loan in under a minute and get instant qualification results for your exact scenario. Then revisit your real-time options anytime in the future with just one-click – no need to contact a salesperson, reply to “quote threads”, or fill out documents.

• Request an official Loan Estimate for the exact pricing you see online with no extra steps.

• Refinance loans get an instant BREAKEVEN analysis based on pure math and without any sales bias. The analysis shows you whether a refinance will benefit you and what rate has the most savings, using any timeline you decide.

All of this is at your fingertips when you visit LendZen.com

• Introduction

• Mortgage Rate Index

• Index Methodologies

• Mortgage Spreads

• Mortgage Automation

INTRODUCTION

The LendZen Index tracks the price of mortgage rates across a spectrum of mortgage-backed securities.

Each chart starts at $0 for the first date 🔵 of the time series and measures the rate of change in dollar terms per $100K of loan amount.

The most expensive point in the series is marked with a red 🔴 dot, and the least expensive with a green 🟢 dot.

The measurements in the key box show the total change in price between each colored dot on the index, including high-to-low for descending charts and low-to-high for ascending charts.

This publication is focused on the index data only. If you want to dive deeper into the events influencing markets and mortgage rates, then visit my Weekly Kut Substack.

To shop real-time mortgage rates and get instant qualification results visit LendZen.com

LendZen provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront.

MORTGAGE RATE INDEX

The 5-Day change in price is -86 basis points (bps).

The last 24-hour change is -32 bps.

Since May 12, the price of mortgage rates increased 15 basis points, as seen in the 10-Day chart below.

During the last 30 days (🔵 to 🟡) mortgages have increased in price by 76 basis points.

The 30-Day chart is useful for spotting trends, plus it gives value to them.

For example, the change in price from the low 🟢 to the high 🔴 was 161 basis points.

This was a change of $8050 on a $500,000 mortgage.

Over the past year mortgage rates are now 240 bps less expensive.

The highest price was  May 23, and the lowest price was February 27.

INDEX METHODOLOGIES

Most mortgages are sold into mortgage-backed securities (MBS). The price of these bonds determines rates for all banks and lenders.

However, mortgage rates DO NOT rise or fall.

The full range of rates is always available, and instead the price of each rate is what changes.

For example, when mortgage bond prices fall the fee for each rate increases. The same rates exist, but now each is more expensive.

Traditional mortgage indices falsely suggest rates are changing by posting a daily “average” they conjure up from unverifiable data.

Meanwhile, the LendZen Index tracks the price of each mortgage rate across a spectrum of publicly traded MBS.

This provides a clearer picture of how the cost to obtain a mortgage has changed, regardless of the lender, rate, or borrower credit score.

LENDZEN MORTGAGE TREASURY SPREAD

Tracking the “spread” between mortgages and treasury bonds can provide useful perspectives, but only if measured accurately.

There are unique dynamics of mortgage-backed securities, such as prepayment speeds, that are overlooked by the “average rate” indexes.

However, these variables heavily influence how investors allocate to mortgage bonds, and a spread that is calculated without this information has critical flaws that make it unreliable.

The LendZen Mortgage Treasury Spread (LMTS) uses actual bond yields to create a historically consistent and reliable data set.

May 26  =  0.98           24h  =  -3 bps 

12m Avg  =  1.06       YoY  =  - 36 bps 

Subscribe now

LENDZEN MORTGAGE AUTOMATION

In addition to the insights provided by the LendZen Index and the LMTS, you can also check real-time mortgage rates without any human interaction.

LendZen.com (NMLS# 375788) provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront as bond prices change.

This eliminates the need for the salespeople who make mortgages so expensive at other lenders.

Some of the unique features you will find on LendZen include:

• Customize your own loan in under a minute and get instant qualification results for your exact scenario. Then revisit your real-time options anytime in the future with just one-click – no need to contact a salesperson, reply to “quote threads”, or fill out documents.

• Request an official Loan Estimate for the exact pricing you see online with no extra steps.

• Refinance loans get an instant BREAKEVEN analysis based on pure math and without any sales bias. The analysis shows you whether a refinance will benefit you and what rate has the most savings, using any timeline you decide.

All of this is at your fingertips when you visit LendZen.com

• Introduction

• Mortgage Rate Index

• Index Methodologies

• Mortgage Spreads

• Mortgage Automation

INTRODUCTION

The LendZen Index tracks the price of mortgage rates across a spectrum of mortgage-backed securities.

Each chart starts at $0 for the first date 🔵 of the time series and measures the rate of change in dollar terms per $100K of loan amount.

The most expensive point in the series is marked with a red 🔴 dot, and the least expensive with a green 🟢 dot.

The measurements in the key box show the total change in price between each colored dot on the index, including high-to-low for descending charts and low-to-high for ascending charts.

This publication is focused on the index data only. If you want to dive deeper into the events influencing markets and mortgage rates, then visit my Weekly Kut Substack.

To shop real-time mortgage rates and get instant qualification results visit LendZen.com

LendZen provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront.

MORTGAGE RATE INDEX

The 5-Day change in price is -17 basis points (bps).

The last 24-hour change is -1 bps.

Since May 11, the price of mortgage rates increased 78 basis points, as seen in the 10-Day chart below.

During the last 30 days (🔵 to 🟡) mortgages have increased in price by 122 basis points.

The 30-Day chart is useful for spotting trends, plus it gives value to them.

For example, the change in price from the low 🟢 to the high 🔴 was 173 basis points.

This was a change of $8650 on a $500,000 mortgage.

Over the past year mortgage rates are now 228 bps less expensive.

The highest price was  May 22, and the lowest price was February 27.

INDEX METHODOLOGIES

Most mortgages are sold into mortgage-backed securities (MBS). The price of these bonds determines rates for all banks and lenders.

However, mortgage rates DO NOT rise or fall.

The full range of rates is always available, and instead the price of each rate is what changes.

For example, when mortgage bond prices fall the fee for each rate increases. The same rates exist, but now each is more expensive.

Traditional mortgage indices falsely suggest rates are changing by posting a daily “average” they conjure up from unverifiable data.

Meanwhile, the LendZen Index tracks the price of each mortgage rate across a spectrum of publicly traded MBS.

This provides a clearer picture of how the cost to obtain a mortgage has changed, regardless of the lender, rate, or borrower credit score.

LENDZEN MORTGAGE TREASURY SPREAD

Tracking the “spread” between mortgages and treasury bonds can provide useful perspectives, but only if measured accurately.

There are unique dynamics of mortgage-backed securities, such as prepayment speeds, that are overlooked by the “average rate” indexes.

However, these variables heavily influence how investors allocate to mortgage bonds, and a spread that is calculated without this information has critical flaws that make it unreliable.

The LendZen Mortgage Treasury Spread (LMTS) uses actual bond yields to create a historically consistent and reliable data set.

May 22  =  1.01           24h  =  1 bps 

12m Avg  =  1.06       YoY  =  - 36 bps 

Subscribe now

LENDZEN MORTGAGE AUTOMATION

In addition to the insights provided by the LendZen Index and the LMTS, you can also check real-time mortgage rates without any human interaction.

LendZen.com (NMLS# 375788) provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront as bond prices change.

This eliminates the need for the salespeople who make mortgages so expensive at other lenders.

Some of the unique features you will find on LendZen include:

• Customize your own loan in under a minute and get instant qualification results for your exact scenario. Then revisit your real-time options anytime in the future with just one-click – no need to contact a salesperson, reply to “quote threads”, or fill out documents.

• Request an official Loan Estimate for the exact pricing you see online with no extra steps.

• Refinance loans get an instant BREAKEVEN analysis based on pure math and without any sales bias. The analysis shows you whether a refinance will benefit you and what rate has the most savings, using any timeline you decide.

All of this is at your fingertips when you visit LendZen.com

• Introduction

• Mortgage Rate Index

• Index Methodologies

• Mortgage Spreads

• Mortgage Automation

INTRODUCTION

The LendZen Index tracks the price of mortgage rates across a spectrum of mortgage-backed securities.

Each chart starts at $0 for the first date 🔵 of the time series and measures the rate of change in dollar terms per $100K of loan amount.

The most expensive point in the series is marked with a red 🔴 dot, and the least expensive with a green 🟢 dot.

The measurements in the key box show the total change in price between each colored dot on the index, including high-to-low for descending charts and low-to-high for ascending charts.

This publication is focused on the index data only. If you want to dive deeper into the events influencing markets and mortgage rates, then visit my Weekly Kut Substack.

To shop real-time mortgage rates and get instant qualification results visit LendZen.com

LendZen provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront.

MORTGAGE RATE INDEX

The 5-Day change in price is -5 basis points (bps).

The last 24-hour change is -11 bps.

Since May 8, the price of mortgage rates increased 89 basis points, as seen in the 10-Day chart below.

During the last 30 days (🔵 to 🟡) mortgages have increased in price by 122 basis points.

The 30-Day chart is useful for spotting trends, plus it gives value to them.

For example, the change in price from the low 🟢 to the high 🔴 was 172 basis points.

This was a change of $8600 on a $500,000 mortgage.

Over the past year mortgage rates are now 191 bps less expensive.

The highest price was  May 22, and the lowest price was February 27.

INDEX METHODOLOGIES

Most mortgages are sold into mortgage-backed securities (MBS). The price of these bonds determines rates for all banks and lenders.

However, mortgage rates DO NOT rise or fall.

The full range of rates is always available, and instead the price of each rate is what changes.

For example, when mortgage bond prices fall the fee for each rate increases. The same rates exist, but now each is more expensive.

Traditional mortgage indices falsely suggest rates are changing by posting a daily “average” they conjure up from unverifiable data.

Meanwhile, the LendZen Index tracks the price of each mortgage rate across a spectrum of publicly traded MBS.

This provides a clearer picture of how the cost to obtain a mortgage has changed, regardless of the lender, rate, or borrower credit score.

LENDZEN MORTGAGE TREASURY SPREAD

Tracking the “spread” between mortgages and treasury bonds can provide useful perspectives, but only if measured accurately.

There are unique dynamics of mortgage-backed securities, such as prepayment speeds, that are overlooked by the “average rate” indexes.

However, these variables heavily influence how investors allocate to mortgage bonds, and a spread that is calculated without this information has critical flaws that make it unreliable.

The LendZen Mortgage Treasury Spread (LMTS) uses actual bond yields to create a historically consistent and reliable data set.

May 21  =  1.00           24h  =  0 bps 

12m Avg  =  1.06       YoY  =  - 38 bps 

Subscribe now

LENDZEN MORTGAGE AUTOMATION

In addition to the insights provided by the LendZen Index and the LMTS, you can also check real-time mortgage rates without any human interaction.

LendZen.com (NMLS# 375788) provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront as bond prices change.

This eliminates the need for the salespeople who make mortgages so expensive at other lenders.

Some of the unique features you will find on LendZen include:

• Customize your own loan in under a minute and get instant qualification results for your exact scenario. Then revisit your real-time options anytime in the future with just one-click – no need to contact a salesperson, reply to “quote threads”, or fill out documents.

• Request an official Loan Estimate for the exact pricing you see online with no extra steps.

• Refinance loans get an instant BREAKEVEN analysis based on pure math and without any sales bias. The analysis shows you whether a refinance will benefit you and what rate has the most savings, using any timeline you decide.

All of this is at your fingertips when you visit LendZen.com

• Introduction

• Mortgage Rate Index

• Index Methodologies

• Mortgage Spreads

• Mortgage Automation

INTRODUCTION

The LendZen Index tracks the price of mortgage rates across a spectrum of mortgage-backed securities.

Each chart starts at $0 for the first date 🔵 of the time series and measures the rate of change in dollar terms per $100K of loan amount.

The most expensive point in the series is marked with a red 🔴 dot, and the least expensive with a green 🟢 dot.

The measurements in the key box show the total change in price between each colored dot on the index, including high-to-low for descending charts and low-to-high for ascending charts.

This publication is focused on the index data only. If you want to dive deeper into the events influencing markets and mortgage rates, then visit my Weekly Kut Substack.

To shop real-time mortgage rates and get instant qualification results visit LendZen.com

LendZen provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront.

MORTGAGE RATE INDEX

The 5-Day change in price is +49 basis points (bps).

The last 24-hour change is -38 bps.

Since May 7, the price of mortgage rates increased 87 basis points, as seen in the 10-Day chart below.

During the last 30 days (🔵 to 🟡) mortgages have increased in price by 115 basis points.

The 30-Day chart is useful for spotting trends, plus it gives value to them.

For example, the change in price from the low 🟢 to the high 🔴 was 173 basis points.

This was a change of $8650 on a $500,000 mortgage.

Over the past year mortgage rates are now 164 bps less expensive.

The highest price was  May 22, and the lowest price was February 27.

INDEX METHODOLOGIES

Most mortgages are sold into mortgage-backed securities (MBS). The price of these bonds determines rates for all banks and lenders.

However, mortgage rates DO NOT rise or fall.

The full range of rates is always available, and instead the price of each rate is what changes.

For example, when mortgage bond prices fall the fee for each rate increases. The same rates exist, but now each is more expensive.

Traditional mortgage indices falsely suggest rates are changing by posting a daily “average” they conjure up from unverifiable data.

Meanwhile, the LendZen Index tracks the price of each mortgage rate across a spectrum of publicly traded MBS.

This provides a clearer picture of how the cost to obtain a mortgage has changed, regardless of the lender, rate, or borrower credit score.

LENDZEN MORTGAGE TREASURY SPREAD

Tracking the “spread” between mortgages and treasury bonds can provide useful perspectives, but only if measured accurately.

There are unique dynamics of mortgage-backed securities, such as prepayment speeds, that are overlooked by the “average rate” indexes.

However, these variables heavily influence how investors allocate to mortgage bonds, and a spread that is calculated without this information has critical flaws that make it unreliable.

The LendZen Mortgage Treasury Spread (LMTS) uses actual bond yields to create a historically consistent and reliable data set.

May 20  =  1.00           24h  =  -2 bps 

12m Avg  =  1.06       YoY  =  - 39 bps 

Subscribe now

LENDZEN MORTGAGE AUTOMATION

In addition to the insights provided by the LendZen Index and the LMTS, you can also check real-time mortgage rates without any human interaction.

LendZen.com (NMLS# 375788) provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront as bond prices change.

This eliminates the need for the salespeople who make mortgages so expensive at other lenders.

Some of the unique features you will find on LendZen include:

• Customize your own loan in under a minute and get instant qualification results for your exact scenario. Then revisit your real-time options anytime in the future with just one-click – no need to contact a salesperson, reply to “quote threads”, or fill out documents.

• Request an official Loan Estimate for the exact pricing you see online with no extra steps.

• Refinance loans get an instant BREAKEVEN analysis based on pure math and without any sales bias. The analysis shows you whether a refinance will benefit you and what rate has the most savings, using any timeline you decide.

All of this is at your fingertips when you visit LendZen.com

• Introduction

• Mortgage Rate Index

• Index Methodologies

• Mortgage Spreads

• Mortgage Automation

INTRODUCTION

The LendZen Index tracks the price of mortgage rates across a spectrum of mortgage-backed securities.

Each chart starts at $0 for the first date 🔵 of the time series and measures the rate of change in dollar terms per $100K of loan amount.

The most expensive point in the series is marked with a red 🔴 dot, and the least expensive with a green 🟢 dot.

The measurements in the key box show the total change in price between each colored dot on the index, including high-to-low for descending charts and low-to-high for ascending charts.

This publication is focused on the index data only. If you want to dive deeper into the events influencing markets and mortgage rates, then visit my Weekly Kut Substack.

To shop real-time mortgage rates and get instant qualification results visit LendZen.com

LendZen provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront.

MORTGAGE RATE INDEX

The 5-Day change in price is +93 basis points (bps).

The last 24-hour change is +34 bps.

Since May 6, the price of mortgage rates increased 138 basis points, as seen in the 10-Day chart below.

During the last 30 days (🔵 to 🟡) mortgages have increased in price by 154 basis points.

The 30-Day chart is useful for spotting trends, plus it gives value to them.

For example, the change in price from the low 🟢 to the high 🔴 was 173 basis points.

This was a change of $8650 on a $500,000 mortgage.

Over the past year mortgage rates are now 132 bps less expensive.

The highest price was  May 22, and the lowest price was February 27.

INDEX METHODOLOGIES

Most mortgages are sold into mortgage-backed securities (MBS). The price of these bonds determines rates for all banks and lenders.

However, mortgage rates DO NOT rise or fall.

The full range of rates is always available, and instead the price of each rate is what changes.

For example, when mortgage bond prices fall the fee for each rate increases. The same rates exist, but now each is more expensive.

Traditional mortgage indices falsely suggest rates are changing by posting a daily “average” they conjure up from unverifiable data.

Meanwhile, the LendZen Index tracks the price of each mortgage rate across a spectrum of publicly traded MBS.

This provides a clearer picture of how the cost to obtain a mortgage has changed, regardless of the lender, rate, or borrower credit score.

LENDZEN MORTGAGE TREASURY SPREAD

Tracking the “spread” between mortgages and treasury bonds can provide useful perspectives, but only if measured accurately.

There are unique dynamics of mortgage-backed securities, such as prepayment speeds, that are overlooked by the “average rate” indexes.

However, these variables heavily influence how investors allocate to mortgage bonds, and a spread that is calculated without this information has critical flaws that make it unreliable.

The LendZen Mortgage Treasury Spread (LMTS) uses actual bond yields to create a historically consistent and reliable data set.

May 19  =  1.02           24h  =  -1 bps 

12m Avg  =  1.06       YoY  =  - 30 bps 

Subscribe now

LENDZEN MORTGAGE AUTOMATION

In addition to the insights provided by the LendZen Index and the LMTS, you can also check real-time mortgage rates without any human interaction.

LendZen.com (NMLS# 375788) provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront as bond prices change.

This eliminates the need for the salespeople who make mortgages so expensive at other lenders.

Some of the unique features you will find on LendZen include:

• Customize your own loan in under a minute and get instant qualification results for your exact scenario. Then revisit your real-time options anytime in the future with just one-click – no need to contact a salesperson, reply to “quote threads”, or fill out documents.

• Request an official Loan Estimate for the exact pricing you see online with no extra steps.

• Refinance loans get an instant BREAKEVEN analysis based on pure math and without any sales bias. The analysis shows you whether a refinance will benefit you and what rate has the most savings, using any timeline you decide.

All of this is at your fingertips when you visit LendZen.com

• Introduction

• Mortgage Rate Index

• Index Methodologies

• Mortgage Spreads

• Mortgage Automation

INTRODUCTION

The LendZen Index tracks the price of mortgage rates across a spectrum of mortgage-backed securities.

Each chart starts at $0 for the first date 🔵 of the time series and measures the rate of change in dollar terms per $100K of loan amount.

The most expensive point in the series is marked with a red 🔴 dot, and the least expensive with a green 🟢 dot.

The measurements in the key box show the total change in price between each colored dot on the index, including high-to-low for descending charts and low-to-high for ascending charts.

This publication is focused on the index data only. If you want to dive deeper into the events influencing markets and mortgage rates, then visit my Weekly Kut Substack.

To shop real-time mortgage rates and get instant qualification results visit LendZen.com

LendZen provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront.

MORTGAGE RATE INDEX

The 5-Day change in price is +64 basis points (bps).

The last 24-hour change is +11 bps.

Since May 5, the price of mortgage rates increased 71 basis points, as seen in the 10-Day chart below.

During the last 30 days (🔵 to 🟡) mortgages have increased in price by 120 basis points.

The 30-Day chart is useful for spotting trends, plus it gives value to them.

For example, the change in price from the low 🟢 to the high 🔴 was 139 basis points.

This was a change of $6950 on a $500,000 mortgage.

Over the past year mortgage rates are now 110 bps less expensive.

The highest price was  May 22, and the lowest price was February 27.

INDEX METHODOLOGIES

Most mortgages are sold into mortgage-backed securities (MBS). The price of these bonds determines rates for all banks and lenders.

However, mortgage rates DO NOT rise or fall.

The full range of rates is always available, and instead the price of each rate is what changes.

For example, when mortgage bond prices fall the fee for each rate increases. The same rates exist, but now each is more expensive.

Traditional mortgage indices falsely suggest rates are changing by posting a daily “average” they conjure up from unverifiable data.

Meanwhile, the LendZen Index tracks the price of each mortgage rate across a spectrum of publicly traded MBS.

This provides a clearer picture of how the cost to obtain a mortgage has changed, regardless of the lender, rate, or borrower credit score.

LENDZEN MORTGAGE TREASURY SPREAD

Tracking the “spread” between mortgages and treasury bonds can provide useful perspectives, but only if measured accurately.

There are unique dynamics of mortgage-backed securities, such as prepayment speeds, that are overlooked by the “average rate” indexes.

However, these variables heavily influence how investors allocate to mortgage bonds, and a spread that is calculated without this information has critical flaws that make it unreliable.

The LendZen Mortgage Treasury Spread (LMTS) uses actual bond yields to create a historically consistent and reliable data set.

May 18  =  1.03           24h  =  7 bps 

12m Avg  =  1.06       YoY  =  - 30 bps 

Subscribe now

LENDZEN MORTGAGE AUTOMATION

In addition to the insights provided by the LendZen Index and the LMTS, you can also check real-time mortgage rates without any human interaction.

LendZen.com (NMLS# 375788) provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront as bond prices change.

This eliminates the need for the salespeople who make mortgages so expensive at other lenders.

Some of the unique features you will find on LendZen include:

• Customize your own loan in under a minute and get instant qualification results for your exact scenario. Then revisit your real-time options anytime in the future with just one-click – no need to contact a salesperson, reply to “quote threads”, or fill out documents.

• Request an official Loan Estimate for the exact pricing you see online with no extra steps.

• Refinance loans get an instant BREAKEVEN analysis based on pure math and without any sales bias. The analysis shows you whether a refinance will benefit you and what rate has the most savings, using any timeline you decide.

All of this is at your fingertips when you visit LendZen.com

• Introduction

• Mortgage Rate Index

• Index Methodologies

• Mortgage Spreads

• Mortgage Automation

INTRODUCTION

The LendZen Index tracks the price of mortgage rates across a spectrum of mortgage-backed securities.

Each chart starts at $0 for the first date 🔵 of the time series and measures the rate of change in dollar terms per $100K of loan amount.

The most expensive point in the series is marked with a red 🔴 dot, and the least expensive with a green 🟢 dot.

The measurements in the key box show the total change in price between each colored dot on the index, including high-to-low for descending charts and low-to-high for ascending charts.

This publication is focused on the index data only. If you want to dive deeper into the events influencing markets and mortgage rates, then visit my Weekly Kut Substack.

To shop real-time mortgage rates and get instant qualification results visit LendZen.com

LendZen provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront.

MORTGAGE RATE INDEX

The 5-Day change in price is +83 basis points (bps).

The last 24-hour change is +42 bps.

Since May 4, the price of mortgage rates increased 55 basis points, as seen in the 10-Day chart below.

During the last 30 days (🔵 to 🟡) mortgages have increased in price by 94 basis points.

The 30-Day chart is useful for spotting trends, plus it gives value to them.

For example, the change in price from the low 🟢 to the high 🔴 was 128 basis points.

This was a change of $6400 on a $500,000 mortgage.

Over the past year mortgage rates are now 164 bps less expensive.

The highest price was  May 22, and the lowest price was February 27.

INDEX METHODOLOGIES

Most mortgages are sold into mortgage-backed securities (MBS). The price of these bonds determines rates for all banks and lenders.

However, mortgage rates DO NOT rise or fall.

The full range of rates is always available, and instead the price of each rate is what changes.

For example, when mortgage bond prices fall the fee for each rate increases. The same rates exist, but now each is more expensive.

Traditional mortgage indices falsely suggest rates are changing by posting a daily “average” they conjure up from unverifiable data.

Meanwhile, the LendZen Index tracks the price of each mortgage rate across a spectrum of publicly traded MBS.

This provides a clearer picture of how the cost to obtain a mortgage has changed, regardless of the lender, rate, or borrower credit score.

LENDZEN MORTGAGE TREASURY SPREAD

Tracking the “spread” between mortgages and treasury bonds can provide useful perspectives, but only if measured accurately.

There are unique dynamics of mortgage-backed securities, such as prepayment speeds, that are overlooked by the “average rate” indexes.

However, these variables heavily influence how investors allocate to mortgage bonds, and a spread that is calculated without this information has critical flaws that make it unreliable.

The LendZen Mortgage Treasury Spread (LMTS) uses actual bond yields to create a historically consistent and reliable data set.

May 15  =  0.96           24h  =  1 bps 

12m Avg  =  1.06       YoY  =  - 41 bps 

Subscribe now

LENDZEN MORTGAGE AUTOMATION

In addition to the insights provided by the LendZen Index and the LMTS, you can also check real-time mortgage rates without any human interaction.

LendZen.com (NMLS# 375788) provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront as bond prices change.

This eliminates the need for the salespeople who make mortgages so expensive at other lenders.

Some of the unique features you will find on LendZen include:

• Customize your own loan in under a minute and get instant qualification results for your exact scenario. Then revisit your real-time options anytime in the future with just one-click – no need to contact a salesperson, reply to “quote threads”, or fill out documents.

• Request an official Loan Estimate for the exact pricing you see online with no extra steps.

• Refinance loans get an instant BREAKEVEN analysis based on pure math and without any sales bias. The analysis shows you whether a refinance will benefit you and what rate has the most savings, using any timeline you decide.

All of this is at your fingertips when you visit LendZen.com

• Introduction

• Mortgage Rate Index

• Index Methodologies

• Mortgage Spreads

• Mortgage Automation

INTRODUCTION

The LendZen Index tracks the price of mortgage rates across a spectrum of mortgage-backed securities.

Each chart starts at $0 for the first date 🔵 of the time series and measures the rate of change in dollar terms per $100K of loan amount.

The most expensive point in the series is marked with a red 🔴 dot, and the least expensive with a green 🟢 dot.

The measurements in the key box show the total change in price between each colored dot on the index, including high-to-low for descending charts and low-to-high for ascending charts.

This publication is focused on the index data only. If you want to dive deeper into the events influencing markets and mortgage rates, then visit my Weekly Kut Substack.

To shop real-time mortgage rates and get instant qualification results visit LendZen.com

LendZen provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront.

MORTGAGE RATE INDEX

The 5-Day change in price is +52 basis points (bps).

The last 24-hour change is +6 bps.

Since May 1, the price of mortgage rates increased 48 basis points, as seen in the 10-Day chart below.

During the last 30 days (🔵 to 🟡) mortgages have increased in price by 48 basis points.

The 30-Day chart is useful for spotting trends, plus it gives value to them.

For example, the change in price from the low 🟢 to the high 🔴 was 86 basis points.

This was a change of $4300 on a $500,000 mortgage.

Over the past year mortgage rates are now 189 bps less expensive.

The highest price was  May 22, and the lowest price was February 27.

INDEX METHODOLOGIES

Most mortgages are sold into mortgage-backed securities (MBS). The price of these bonds determines rates for all banks and lenders.

However, mortgage rates DO NOT rise or fall.

The full range of rates is always available, and instead the price of each rate is what changes.

For example, when mortgage bond prices fall the fee for each rate increases. The same rates exist, but now each is more expensive.

Traditional mortgage indices falsely suggest rates are changing by posting a daily “average” they conjure up from unverifiable data.

Meanwhile, the LendZen Index tracks the price of each mortgage rate across a spectrum of publicly traded MBS.

This provides a clearer picture of how the cost to obtain a mortgage has changed, regardless of the lender, rate, or borrower credit score.

LENDZEN MORTGAGE TREASURY SPREAD

Tracking the “spread” between mortgages and treasury bonds can provide useful perspectives, but only if measured accurately.

There are unique dynamics of mortgage-backed securities, such as prepayment speeds, that are overlooked by the “average rate” indexes.

However, these variables heavily influence how investors allocate to mortgage bonds, and a spread that is calculated without this information has critical flaws that make it unreliable.

The LendZen Mortgage Treasury Spread (LMTS) uses actual bond yields to create a historically consistent and reliable data set.

May 14  =  0.95           24h  =  -3 bps 

12m Avg  =  1.07       YoY  =  - 40 bps 

Subscribe now

LENDZEN MORTGAGE AUTOMATION

In addition to the insights provided by the LendZen Index and the LMTS, you can also check real-time mortgage rates without any human interaction.

LendZen.com (NMLS# 375788) provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront as bond prices change.

This eliminates the need for the salespeople who make mortgages so expensive at other lenders.

Some of the unique features you will find on LendZen include:

• Customize your own loan in under a minute and get instant qualification results for your exact scenario. Then revisit your real-time options anytime in the future with just one-click – no need to contact a salesperson, reply to “quote threads”, or fill out documents.

• Request an official Loan Estimate for the exact pricing you see online with no extra steps.

• Refinance loans get an instant BREAKEVEN analysis based on pure math and without any sales bias. The analysis shows you whether a refinance will benefit you and what rate has the most savings, using any timeline you decide.

All of this is at your fingertips when you visit LendZen.com

• Introduction

• Mortgage Rate Index

• Index Methodologies

• Mortgage Spreads

• Mortgage Automation

INTRODUCTION

The LendZen Index tracks the price of mortgage rates across a spectrum of mortgage-backed securities.

Each chart starts at $0 for the first date 🔵 of the time series and measures the rate of change in dollar terms per $100K of loan amount.

The most expensive point in the series is marked with a red 🔴 dot, and the least expensive with a green 🟢 dot.

The measurements in the key box show the total change in price between each colored dot on the index, including high-to-low for descending charts and low-to-high for ascending charts.

This publication is focused on the index data only. If you want to dive deeper into the events influencing markets and mortgage rates, then visit my Weekly Kut Substack.

To shop real-time mortgage rates and get instant qualification results visit LendZen.com

LendZen provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront.

MORTGAGE RATE INDEX

The 5-Day change in price is +33 basis points (bps).

The last 24-hour change is +5 bps.

Since April 30, the price of mortgage rates increased 41 basis points, as seen in the 10-Day chart below.

During the last 30 days (🔵 to 🟡) mortgages have increased in price by 41 basis points.

The 30-Day chart is useful for spotting trends, plus it gives value to them.

For example, the change in price from the low 🟢 to the high 🔴 was 80 basis points.

This was a change of $4000 on a $500,000 mortgage.

Over the past year mortgage rates are now 182 bps less expensive.

The highest price was  May 22, and the lowest price was February 27.

INDEX METHODOLOGIES

Most mortgages are sold into mortgage-backed securities (MBS). The price of these bonds determines rates for all banks and lenders.

However, mortgage rates DO NOT rise or fall.

The full range of rates is always available, and instead the price of each rate is what changes.

For example, when mortgage bond prices fall the fee for each rate increases. The same rates exist, but now each is more expensive.

Traditional mortgage indices falsely suggest rates are changing by posting a daily “average” they conjure up from unverifiable data.

Meanwhile, the LendZen Index tracks the price of each mortgage rate across a spectrum of publicly traded MBS.

This provides a clearer picture of how the cost to obtain a mortgage has changed, regardless of the lender, rate, or borrower credit score.

LENDZEN MORTGAGE TREASURY SPREAD

Tracking the “spread” between mortgages and treasury bonds can provide useful perspectives, but only if measured accurately.

There are unique dynamics of mortgage-backed securities, such as prepayment speeds, that are overlooked by the “average rate” indexes.

However, these variables heavily influence how investors allocate to mortgage bonds, and a spread that is calculated without this information has critical flaws that make it unreliable.

The LendZen Mortgage Treasury Spread (LMTS) uses actual bond yields to create a historically consistent and reliable data set.

May 13  =  0.98           24h  =  1 bps 

12m Avg  =  1.07       YoY  =  - 41 bps 

Subscribe now

LENDZEN MORTGAGE AUTOMATION

In addition to the insights provided by the LendZen Index and the LMTS, you can also check real-time mortgage rates without any human interaction.

LendZen.com (NMLS# 375788) provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront as bond prices change.

This eliminates the need for the salespeople who make mortgages so expensive at other lenders.

Some of the unique features you will find on LendZen include:

• Customize your own loan in under a minute and get instant qualification results for your exact scenario. Then revisit your real-time options anytime in the future with just one-click – no need to contact a salesperson, reply to “quote threads”, or fill out documents.

• Request an official Loan Estimate for the exact pricing you see online with no extra steps.

• Refinance loans get an instant BREAKEVEN analysis based on pure math and without any sales bias. The analysis shows you whether a refinance will benefit you and what rate has the most savings, using any timeline you decide.

All of this is at your fingertips when you visit LendZen.com

• Introduction

• Mortgage Rate Index

• Index Methodologies

• Mortgage Spreads

• Mortgage Automation

INTRODUCTION

The LendZen Index tracks the price of mortgage rates across a spectrum of mortgage-backed securities.

Each chart starts at $0 for the first date 🔵 of the time series and measures the rate of change in dollar terms per $100K of loan amount.

The most expensive point in the series is marked with a red 🔴 dot, and the least expensive with a green 🟢 dot.

The measurements in the key box show the total change in price between each colored dot on the index, including high-to-low for descending charts and low-to-high for ascending charts.

This publication is focused on the index data only. If you want to dive deeper into the events influencing markets and mortgage rates, then visit my Weekly Kut Substack.

To shop real-time mortgage rates and get instant qualification results visit LendZen.com

LendZen provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront.

MORTGAGE RATE INDEX

The 5-Day change in price is +40 basis points (bps).

The last 24-hour change is +30 bps.

Since April 29, the price of mortgage rates increased 14 basis points, as seen in the 10-Day chart below.

During the last 30 days (🔵 to 🟡) mortgages have increased in price by 26 basis points.

The 30-Day chart is useful for spotting trends, plus it gives value to them.

For example, the change in price from the low 🟢 to the high 🔴 was 75 basis points.

This was a change of $3750 on a $500,000 mortgage.

Over the past year mortgage rates are now 152 bps less expensive.

The highest price was  May 22, and the lowest price was February 27.

INDEX METHODOLOGIES

Most mortgages are sold into mortgage-backed securities (MBS). The price of these bonds determines rates for all banks and lenders.

However, mortgage rates DO NOT rise or fall.

The full range of rates is always available, and instead the price of each rate is what changes.

For example, when mortgage bond prices fall the fee for each rate increases. The same rates exist, but now each is more expensive.

Traditional mortgage indices falsely suggest rates are changing by posting a daily “average” they conjure up from unverifiable data.

Meanwhile, the LendZen Index tracks the price of each mortgage rate across a spectrum of publicly traded MBS.

This provides a clearer picture of how the cost to obtain a mortgage has changed, regardless of the lender, rate, or borrower credit score.

LENDZEN MORTGAGE TREASURY SPREAD

Tracking the “spread” between mortgages and treasury bonds can provide useful perspectives, but only if measured accurately.

There are unique dynamics of mortgage-backed securities, such as prepayment speeds, that are overlooked by the “average rate” indexes.

However, these variables heavily influence how investors allocate to mortgage bonds, and a spread that is calculated without this information has critical flaws that make it unreliable.

The LendZen Mortgage Treasury Spread (LMTS) uses actual bond yields to create a historically consistent and reliable data set.

May 12  =  0.97           24h  =  3 bps 

12m Avg  =  1.07       YoY  =  - 36 bps 

Subscribe now

LENDZEN MORTGAGE AUTOMATION

In addition to the insights provided by the LendZen Index and the LMTS, you can also check real-time mortgage rates without any human interaction.

LendZen.com (NMLS# 375788) provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront as bond prices change.

This eliminates the need for the salespeople who make mortgages so expensive at other lenders.

Some of the unique features you will find on LendZen include:

• Customize your own loan in under a minute and get instant qualification results for your exact scenario. Then revisit your real-time options anytime in the future with just one-click – no need to contact a salesperson, reply to “quote threads”, or fill out documents.

• Request an official Loan Estimate for the exact pricing you see online with no extra steps.

• Refinance loans get an instant BREAKEVEN analysis based on pure math and without any sales bias. The analysis shows you whether a refinance will benefit you and what rate has the most savings, using any timeline you decide.

All of this is at your fingertips when you visit LendZen.com

• Introduction

• Mortgage Rate Index

• Index Methodologies

• Mortgage Spreads

• Mortgage Automation

INTRODUCTION

The LendZen Index tracks the price of mortgage rates across a spectrum of mortgage-backed securities.

Each chart starts at $0 for the first date 🔵 of the time series and measures the rate of change in dollar terms per $100K of loan amount.

The most expensive point in the series is marked with a red 🔴 dot, and the least expensive with a green 🟢 dot.

The measurements in the key box show the total change in price between each colored dot on the index, including high-to-low for descending charts and low-to-high for ascending charts.

This publication is focused on the index data only. If you want to dive deeper into the events influencing markets and mortgage rates, then visit my Weekly Kut Substack.

To shop real-time mortgage rates and get instant qualification results visit LendZen.com

LendZen provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront.

MORTGAGE RATE INDEX

The 5-Day change in price is -23 basis points (bps).

The last 24-hour change is +11 bps.

Since April 28, the price of mortgage rates increased 23 basis points, as seen in the 10-Day chart below.

During the last 30 days (🔵 to 🟡) mortgages have decreased in price by 31 basis points.

The 30-Day chart is useful for spotting trends, plus it gives value to them.

For example, the change in price from the high 🔴 to the low 🟢 was 77 basis points.

This was a change of $3850 on a $500,000 mortgage.

Over the past year mortgage rates are now 52 bps less expensive.

The highest price was  May 21, and the lowest price was February 26.

INDEX METHODOLOGIES

Most mortgages are sold into mortgage-backed securities (MBS). The price of these bonds determines rates for all banks and lenders.

However, mortgage rates DO NOT rise or fall.

The full range of rates is always available, and instead the price of each rate is what changes.

For example, when mortgage bond prices fall the fee for each rate increases. The same rates exist, but now each is more expensive.

Traditional mortgage indices falsely suggest rates are changing by posting a daily “average” they conjure up from unverifiable data.

Meanwhile, the LendZen Index tracks the price of each mortgage rate across a spectrum of publicly traded MBS.

This provides a clearer picture of how the cost to obtain a mortgage has changed, regardless of the lender, rate, or borrower credit score.

LENDZEN MORTGAGE TREASURY SPREAD

Tracking the “spread” between mortgages and treasury bonds can provide useful perspectives, but only if measured accurately.

There are unique dynamics of mortgage-backed securities, such as prepayment speeds, that are overlooked by the “average rate” indexes.

However, these variables heavily influence how investors allocate to mortgage bonds, and a spread that is calculated without this information has critical flaws that make it unreliable.

The LendZen Mortgage Treasury Spread (LMTS) uses actual bond yields to create a historically consistent and reliable data set.

May 11  =  0.94           24h  =  -2 bps 

12m Avg  =  1.07       YoY  =  - 41 bps 

Subscribe now

LENDZEN MORTGAGE AUTOMATION

In addition to the insights provided by the LendZen Index and the LMTS, you can also check real-time mortgage rates without any human interaction.

LendZen.com (NMLS# 375788) provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront as bond prices change.

This eliminates the need for the salespeople who make mortgages so expensive at other lenders.

Some of the unique features you will find on LendZen include:

• Customize your own loan in under a minute and get instant qualification results for your exact scenario. Then revisit your real-time options anytime in the future with just one-click – no need to contact a salesperson, reply to “quote threads”, or fill out documents.

• Request an official Loan Estimate for the exact pricing you see online with no extra steps.

• Refinance loans get an instant BREAKEVEN analysis based on pure math and without any sales bias. The analysis shows you whether a refinance will benefit you and what rate has the most savings, using any timeline you decide.

All of this is at your fingertips when you visit LendZen.com

• Introduction

• Mortgage Rate Index

• Index Methodologies

• Mortgage Spreads

• Mortgage Automation

INTRODUCTION

The LendZen Index tracks the price of mortgage rates across a spectrum of mortgage-backed securities.

Each chart starts at $0 for the first date 🔵 of the time series and measures the rate of change in dollar terms per $100K of loan amount.

The most expensive point in the series is marked with a red 🔴 dot, and the least expensive with a green 🟢 dot.

The measurements in the key box show the total change in price between each colored dot on the index, including high-to-low for descending charts and low-to-high for ascending charts.

This publication is focused on the index data only. If you want to dive deeper into the events influencing markets and mortgage rates, then visit my Weekly Kut Substack.

To shop real-time mortgage rates and get instant qualification results visit LendZen.com

LendZen provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront.

MORTGAGE RATE INDEX

The 5-Day change in price is -39 basis points (bps).

The last 24-hour change is -13 bps.

Since April 27, the price of mortgage rates increased 20 basis points, as seen in the 10-Day chart below.

During the last 30 days (🔵 to 🟡) mortgages have decreased in price by 33 basis points.

The 30-Day chart is useful for spotting trends, plus it gives value to them.

For example, the change in price from the high 🔴 to the low 🟢 was 77 basis points.

This was a change of $3850 on a $500,000 mortgage.

Over the past year mortgage rates are now 169 bps less expensive.

The highest price was  May 22, and the lowest price was February 27.

INDEX METHODOLOGIES

Most mortgages are sold into mortgage-backed securities (MBS). The price of these bonds determines rates for all banks and lenders.

However, mortgage rates DO NOT rise or fall.

The full range of rates is always available, and instead the price of each rate is what changes.

For example, when mortgage bond prices fall the fee for each rate increases. The same rates exist, but now each is more expensive.

Traditional mortgage indices falsely suggest rates are changing by posting a daily “average” they conjure up from unverifiable data.

Meanwhile, the LendZen Index tracks the price of each mortgage rate across a spectrum of publicly traded MBS.

This provides a clearer picture of how the cost to obtain a mortgage has changed, regardless of the lender, rate, or borrower credit score.

LENDZEN MORTGAGE TREASURY SPREAD

Tracking the “spread” between mortgages and treasury bonds can provide useful perspectives, but only if measured accurately.

There are unique dynamics of mortgage-backed securities, such as prepayment speeds, that are overlooked by the “average rate” indexes.

However, these variables heavily influence how investors allocate to mortgage bonds, and a spread that is calculated without this information has critical flaws that make it unreliable.

The LendZen Mortgage Treasury Spread (LMTS) uses actual bond yields to create a historically consistent and reliable data set.

May 8  =  0.96           24h  =  0 bps 

12m Avg  =  1.07       YoY  =  - 35 bps 

Subscribe now

LENDZEN MORTGAGE AUTOMATION

In addition to the insights provided by the LendZen Index and the LMTS, you can also check real-time mortgage rates without any human interaction.

LendZen.com (NMLS# 375788) provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront as bond prices change.

This eliminates the need for the salespeople who make mortgages so expensive at other lenders.

Some of the unique features you will find on LendZen include:

• Customize your own loan in under a minute and get instant qualification results for your exact scenario. Then revisit your real-time options anytime in the future with just one-click – no need to contact a salesperson, reply to “quote threads”, or fill out documents.

• Request an official Loan Estimate for the exact pricing you see online with no extra steps.

• Refinance loans get an instant BREAKEVEN analysis based on pure math and without any sales bias. The analysis shows you whether a refinance will benefit you and what rate has the most savings, using any timeline you decide.

All of this is at your fingertips when you visit LendZen.com

• Introduction

• Mortgage Rate Index

• Index Methodologies

• Mortgage Spreads

• Mortgage Automation

INTRODUCTION

The LendZen Index tracks the price of mortgage rates across a spectrum of mortgage-backed securities.

Each chart starts at $0 for the first date 🔵 of the time series and measures the rate of change in dollar terms per $100K of loan amount.

The most expensive point in the series is marked with a red 🔴 dot, and the least expensive with a green 🟢 dot.

The measurements in the key box show the total change in price between each colored dot on the index, including high-to-low for descending charts and low-to-high for ascending charts.

This publication is focused on the index data only. If you want to dive deeper into the events influencing markets and mortgage rates, then visit my Weekly Kut Substack.

To shop real-time mortgage rates and get instant qualification results visit LendZen.com

LendZen provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront.

MORTGAGE RATE INDEX

The 5-Day change in price is +9 basis points (bps).

The last 24-hour change is +12 bps.

Since April 24, the price of mortgage rates increased 35 basis points, as seen in the 10-Day chart below.

During the last 30 days (🔵 to 🟡) mortgages have decreased in price by 20 basis points.

The 30-Day chart is useful for spotting trends, plus it gives value to them.

For example, the change in price from the high 🔴 to the low 🟢 was 77 basis points.

This was a change of $3850 on a $500,000 mortgage.

Over the past year mortgage rates are now 128 bps less expensive.

The highest price was  May 22, and the lowest price was February 27.

INDEX METHODOLOGIES

Most mortgages are sold into mortgage-backed securities (MBS). The price of these bonds determines rates for all banks and lenders.

However, mortgage rates DO NOT rise or fall.

The full range of rates is always available, and instead the price of each rate is what changes.

For example, when mortgage bond prices fall the fee for each rate increases. The same rates exist, but now each is more expensive.

Traditional mortgage indices falsely suggest rates are changing by posting a daily “average” they conjure up from unverifiable data.

Meanwhile, the LendZen Index tracks the price of each mortgage rate across a spectrum of publicly traded MBS.

This provides a clearer picture of how the cost to obtain a mortgage has changed, regardless of the lender, rate, or borrower credit score.

LENDZEN MORTGAGE TREASURY SPREAD

Tracking the “spread” between mortgages and treasury bonds can provide useful perspectives, but only if measured accurately.

There are unique dynamics of mortgage-backed securities, such as prepayment speeds, that are overlooked by the “average rate” indexes.

However, these variables heavily influence how investors allocate to mortgage bonds, and a spread that is calculated without this information has critical flaws that make it unreliable.

The LendZen Mortgage Treasury Spread (LMTS) uses actual bond yields to create a historically consistent and reliable data set.

May 7  =  0.96           24h  =  -1 bps 

12m Avg  =  1.07       YoY  =  - 39 bps 

Subscribe now

LENDZEN MORTGAGE AUTOMATION

In addition to the insights provided by the LendZen Index and the LMTS, you can also check real-time mortgage rates without any human interaction.

LendZen.com (NMLS# 375788) provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront as bond prices change.

This eliminates the need for the salespeople who make mortgages so expensive at other lenders.

Some of the unique features you will find on LendZen include:

• Customize your own loan in under a minute and get instant qualification results for your exact scenario. Then revisit your real-time options anytime in the future with just one-click – no need to contact a salesperson, reply to “quote threads”, or fill out documents.

• Request an official Loan Estimate for the exact pricing you see online with no extra steps.

• Refinance loans get an instant BREAKEVEN analysis based on pure math and without any sales bias. The analysis shows you whether a refinance will benefit you and what rate has the most savings, using any timeline you decide.

All of this is at your fingertips when you visit LendZen.com

• Introduction

• Mortgage Rate Index

• Index Methodologies

• Mortgage Spreads

• Mortgage Automation

INTRODUCTION

The LendZen Index tracks the price of mortgage rates across a spectrum of mortgage-backed securities.

Each chart starts at $0 for the first date 🔵 of the time series and measures the rate of change in dollar terms per $100K of loan amount.

The most expensive point in the series is marked with a red 🔴 dot, and the least expensive with a green 🟢 dot.

The measurements in the key box show the total change in price between each colored dot on the index, including high-to-low for descending charts and low-to-high for ascending charts.

This publication is focused on the index data only. If you want to dive deeper into the events influencing markets and mortgage rates, then visit my Weekly Kut Substack.

To shop real-time mortgage rates and get instant qualification results visit LendZen.com

LendZen provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront.

MORTGAGE RATE INDEX

The 5-Day change in price is -3 basis points (bps).

The last 24-hour change is -33 bps.

Since April 23, the price of mortgage rates increased 13 basis points, as seen in the 10-Day chart below.

During the last 30 days (🔵 to 🟡) mortgages have decreased in price by 46 basis points.

The 30-Day chart is useful for spotting trends, plus it gives value to them.

For example, the change in price from the high 🔴 to the low 🟢 was 81 basis points.

This was a change of $4050 on a $500,000 mortgage.

Over the past year mortgage rates are now 140 bps less expensive.

The highest price was  May 22, and the lowest price was February 27.

INDEX METHODOLOGIES

Most mortgages are sold into mortgage-backed securities (MBS). The price of these bonds determines rates for all banks and lenders.

However, mortgage rates DO NOT rise or fall.

The full range of rates is always available, and instead the price of each rate is what changes.

For example, when mortgage bond prices fall the fee for each rate increases. The same rates exist, but now each is more expensive.

Traditional mortgage indices falsely suggest rates are changing by posting a daily “average” they conjure up from unverifiable data.

Meanwhile, the LendZen Index tracks the price of each mortgage rate across a spectrum of publicly traded MBS.

This provides a clearer picture of how the cost to obtain a mortgage has changed, regardless of the lender, rate, or borrower credit score.

LENDZEN MORTGAGE TREASURY SPREAD

Tracking the “spread” between mortgages and treasury bonds can provide useful perspectives, but only if measured accurately.

There are unique dynamics of mortgage-backed securities, such as prepayment speeds, that are overlooked by the “average rate” indexes.

However, these variables heavily influence how investors allocate to mortgage bonds, and a spread that is calculated without this information has critical flaws that make it unreliable.

The LendZen Mortgage Treasury Spread (LMTS) uses actual bond yields to create a historically consistent and reliable data set.

May 6  =  0.97           24h  =  -3 bps 

12m Avg  =  1.08       YoY  =  - 39 bps 

Subscribe now

LENDZEN MORTGAGE AUTOMATION

In addition to the insights provided by the LendZen Index and the LMTS, you can also check real-time mortgage rates without any human interaction.

LendZen.com (NMLS# 375788) provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront as bond prices change.

This eliminates the need for the salespeople who make mortgages so expensive at other lenders.

Some of the unique features you will find on LendZen include:

• Customize your own loan in under a minute and get instant qualification results for your exact scenario. Then revisit your real-time options anytime in the future with just one-click – no need to contact a salesperson, reply to “quote threads”, or fill out documents.

• Request an official Loan Estimate for the exact pricing you see online with no extra steps.

• Refinance loans get an instant BREAKEVEN analysis based on pure math and without any sales bias. The analysis shows you whether a refinance will benefit you and what rate has the most savings, using any timeline you decide.

All of this is at your fingertips when you visit LendZen.com

• Introduction

• Mortgage Rate Index

• Index Methodologies

• Mortgage Spreads

• Mortgage Automation

INTRODUCTION

The LendZen Index tracks the price of mortgage rates across a spectrum of mortgage-backed securities.

Each chart starts at $0 for the first date 🔵 of the time series and measures the rate of change in dollar terms per $100K of loan amount.

The most expensive point in the series is marked with a red 🔴 dot, and the least expensive with a green 🟢 dot.

The measurements in the key box show the total change in price between each colored dot on the index, including high-to-low for descending charts and low-to-high for ascending charts.

This publication is focused on the index data only. If you want to dive deeper into the events influencing markets and mortgage rates, then visit my Weekly Kut Substack.

To shop real-time mortgage rates and get instant qualification results visit LendZen.com

LendZen provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront.

MORTGAGE RATE INDEX

The 5-Day change in price is +73 basis points (bps).

The last 24-hour change is -5 bps.

Since April 22, the price of mortgage rates increased 55 basis points, as seen in the 10-Day chart below.

During the last 30 days (🔵 to 🟡) mortgages have decreased in price by 14 basis points.

The 30-Day chart is useful for spotting trends, plus it gives value to them.

For example, the change in price from the high 🔴 to the low 🟢 was 82 basis points.

This was a change of $4100 on a $500,000 mortgage.

Over the past year mortgage rates are now 107 bps less expensive.

The highest price was  May 22, and the lowest price was February 27.

INDEX METHODOLOGIES

Most mortgages are sold into mortgage-backed securities (MBS). The price of these bonds determines rates for all banks and lenders.

However, mortgage rates DO NOT rise or fall.

The full range of rates is always available, and instead the price of each rate is what changes.

For example, when mortgage bond prices fall the fee for each rate increases. The same rates exist, but now each is more expensive.

Traditional mortgage indices falsely suggest rates are changing by posting a daily “average” they conjure up from unverifiable data.

Meanwhile, the LendZen Index tracks the price of each mortgage rate across a spectrum of publicly traded MBS.

This provides a clearer picture of how the cost to obtain a mortgage has changed, regardless of the lender, rate, or borrower credit score.

LENDZEN MORTGAGE TREASURY SPREAD

Tracking the “spread” between mortgages and treasury bonds can provide useful perspectives, but only if measured accurately.

There are unique dynamics of mortgage-backed securities, such as prepayment speeds, that are overlooked by the “average rate” indexes.

However, these variables heavily influence how investors allocate to mortgage bonds, and a spread that is calculated without this information has critical flaws that make it unreliable.

The LendZen Mortgage Treasury Spread (LMTS) uses actual bond yields to create a historically consistent and reliable data set.

May 5  =  1.00           24h  =  0 bps 

12m Avg  =  1.08       YoY  =  - 44 bps 

Subscribe now

LENDZEN MORTGAGE AUTOMATION

In addition to the insights provided by the LendZen Index and the LMTS, you can also check real-time mortgage rates without any human interaction.

LendZen.com (NMLS# 375788) provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront as bond prices change.

This eliminates the need for the salespeople who make mortgages so expensive at other lenders.

Some of the unique features you will find on LendZen include:

• Customize your own loan in under a minute and get instant qualification results for your exact scenario. Then revisit your real-time options anytime in the future with just one-click – no need to contact a salesperson, reply to “quote threads”, or fill out documents.

• Request an official Loan Estimate for the exact pricing you see online with no extra steps.

• Refinance loans get an instant BREAKEVEN analysis based on pure math and without any sales bias. The analysis shows you whether a refinance will benefit you and what rate has the most savings, using any timeline you decide.

All of this is at your fingertips when you visit LendZen.com

• Introduction

• Mortgage Rate Index

• Index Methodologies

• Mortgage Spreads

• Mortgage Automation

INTRODUCTION

The LendZen Index tracks the price of mortgage rates across a spectrum of mortgage-backed securities.

Each chart starts at $0 for the first date 🔵 of the time series and measures the rate of change in dollar terms per $100K of loan amount.

The most expensive point in the series is marked with a red 🔴 dot, and the least expensive with a green 🟢 dot.

The measurements in the key box show the total change in price between each colored dot on the index, including high-to-low for descending charts and low-to-high for ascending charts.

This publication is focused on the index data only. If you want to dive deeper into the events influencing markets and mortgage rates, then visit my Weekly Kut Substack.

To shop real-time mortgage rates and get instant qualification results visit LendZen.com

LendZen provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront.

MORTGAGE RATE INDEX

The 5-Day change in price is +51 basis points (bps).

The last 24-hour change is +346 bps.

Since April 21, the price of mortgage rates increased 59 basis points, as seen in the 10-Day chart below.

During the last 30 days (🔵 to 🟡) mortgages have decreased in price by 11 basis points.

The 30-Day chart is useful for spotting trends, plus it gives value to them.

For example, the change in price from the high 🔴 to the low 🟢 was 84 basis points.

This was a change of $4200 on a $500,000 mortgage.

Over the past year mortgage rates are now 137 bps less expensive.

The highest price was  May 22, and the lowest price was February 27.

INDEX METHODOLOGIES

Most mortgages are sold into mortgage-backed securities (MBS). The price of these bonds determines rates for all banks and lenders.

However, mortgage rates DO NOT rise or fall.

The full range of rates is always available, and instead the price of each rate is what changes.

For example, when mortgage bond prices fall the fee for each rate increases. The same rates exist, but now each is more expensive.

Traditional mortgage indices falsely suggest rates are changing by posting a daily “average” they conjure up from unverifiable data.

Meanwhile, the LendZen Index tracks the price of each mortgage rate across a spectrum of publicly traded MBS.

This provides a clearer picture of how the cost to obtain a mortgage has changed, regardless of the lender, rate, or borrower credit score.

LENDZEN MORTGAGE TREASURY SPREAD

Tracking the “spread” between mortgages and treasury bonds can provide useful perspectives, but only if measured accurately.

There are unique dynamics of mortgage-backed securities, such as prepayment speeds, that are overlooked by the “average rate” indexes.

However, these variables heavily influence how investors allocate to mortgage bonds, and a spread that is calculated without this information has critical flaws that make it unreliable.

The LendZen Mortgage Treasury Spread (LMTS) uses actual bond yields to create a historically consistent and reliable data set.

May 4  =  1.00           24h  =  3 bps 

12m Avg  =  1.08       YoY  =  - 43 bps 

Subscribe now

LENDZEN MORTGAGE AUTOMATION

In addition to the insights provided by the LendZen Index and the LMTS, you can also check real-time mortgage rates without any human interaction.

LendZen.com (NMLS# 375788) provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront as bond prices change.

This eliminates the need for the salespeople who make mortgages so expensive at other lenders.

Some of the unique features you will find on LendZen include:

• Customize your own loan in under a minute and get instant qualification results for your exact scenario. Then revisit your real-time options anytime in the future with just one-click – no need to contact a salesperson, reply to “quote threads”, or fill out documents.

• Request an official Loan Estimate for the exact pricing you see online with no extra steps.

• Refinance loans get an instant BREAKEVEN analysis based on pure math and without any sales bias. The analysis shows you whether a refinance will benefit you and what rate has the most savings, using any timeline you decide.

All of this is at your fingertips when you visit LendZen.com

• Introduction

• Mortgage Rate Index

• Index Methodologies

• Mortgage Spreads

• Mortgage Automation

INTRODUCTION

The LendZen Index tracks the price of mortgage rates across a spectrum of mortgage-backed securities.

Each chart starts at $0 for the first date 🔵 of the time series and measures the rate of change in dollar terms per $100K of loan amount.

The most expensive point in the series is marked with a red 🔴 dot, and the least expensive with a green 🟢 dot.

The measurements in the key box show the total change in price between each colored dot on the index, including high-to-low for descending charts and low-to-high for ascending charts.

This publication is focused on the index data only. If you want to dive deeper into the events influencing markets and mortgage rates, then visit my Weekly Kut Substack.

To shop real-time mortgage rates and get instant qualification results visit LendZen.com

LendZen provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront.

MORTGAGE RATE INDEX

The 5-Day change in price is +24 basis points (bps).

The last 24-hour change is -3 bps.

Since April 20, the price of mortgage rates increased 38 basis points, as seen in the 10-Day chart below.

During the last 30 days (🔵 to 🟡) mortgages have decreased in price by 71 basis points.

The 30-Day chart is useful for spotting trends, plus it gives value to them.

For example, the change in price from the high 🔴 to the low 🟢 was 110 basis points.

This was a change of $5500 on a $500,000 mortgage.

Over the past year mortgage rates are now 137 bps less expensive.

The highest price was  May 22, and the lowest price was February 27.

INDEX METHODOLOGIES

Most mortgages are sold into mortgage-backed securities (MBS). The price of these bonds determines rates for all banks and lenders.

However, mortgage rates DO NOT rise or fall.

The full range of rates is always available, and instead the price of each rate is what changes.

For example, when mortgage bond prices fall the fee for each rate increases. The same rates exist, but now each is more expensive.

Traditional mortgage indices falsely suggest rates are changing by posting a daily “average” they conjure up from unverifiable data.

Meanwhile, the LendZen Index tracks the price of each mortgage rate across a spectrum of publicly traded MBS.

This provides a clearer picture of how the cost to obtain a mortgage has changed, regardless of the lender, rate, or borrower credit score.

LENDZEN MORTGAGE TREASURY SPREAD

Tracking the “spread” between mortgages and treasury bonds can provide useful perspectives, but only if measured accurately.

There are unique dynamics of mortgage-backed securities, such as prepayment speeds, that are overlooked by the “average rate” indexes.

However, these variables heavily influence how investors allocate to mortgage bonds, and a spread that is calculated without this information has critical flaws that make it unreliable.

The LendZen Mortgage Treasury Spread (LMTS) uses actual bond yields to create a historically consistent and reliable data set.

May 1  =  0.97           24h  =  0 bps 

12m Avg  =  1.08       YoY  =  - 43 bps 

Subscribe now

LENDZEN MORTGAGE AUTOMATION

In addition to the insights provided by the LendZen Index and the LMTS, you can also check real-time mortgage rates without any human interaction.

LendZen.com (NMLS# 375788) provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront as bond prices change.