Mortgage Rates Index - JUN 24
๐จ RATE DROP - time to shop and get a new mortgage quote ๐
In the last 10-Days the price of mortgage rates dropped by an average of 71 basis points.
This is true regardless of the rate and borrower qualifiers, like credit score.
Here is how to check current rates instantly without humans or hassles. ๐
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Mortgage rates do not rise or fall.
Instead, the cost of each rate changes based on the price of mortgage bonds (MBS).
The ๐๐๐ก๐๐ญ๐๐ก ๐๐ก๐๐๐ซ tracks the price of rates across a spectrum of MBS.
โThis provides a clearer picture of how the cost to obtain a mortgage has changed.
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The 10-Day change of 71 bps is a savings of $706 per $100k, or a $3,550 drop in mortgage costs on a $500k loan.
โ50 bps is from the last 5-days, and 30 bps in just the last 24-hours.
๐ง๐ต๐ฒ ๐ด๐ผ๐ผ๐ฑ ๐ป๐ฒ๐๐ ๐ถ๐ ๐๐ผ๐ ๐ฐ๐ฎ๐ป ๐ฐ๐ต๐ฒ๐ฐ๐ธ ๐ฟ๐ฒ๐ฎ๐น-๐๐ถ๐บ๐ฒ ๐บ๐ผ๐ฟ๐๐ด๐ฎ๐ด๐ฒ ๐ฟ๐ฎ๐๐ฒ๐ ๐๐ถ๐๐ต๐ผ๐๐ ๐ฎ๐ป๐ ๐ต๐๐บ๐ฎ๐ป ๐ถ๐ป๐๐ฒ๐ฟ๐ฎ๐ฐ๐๐ถ๐ผ๐ป ๐ผ๐ฟ ๐๐ต๐ฒ ๐ฐ๐ผ๐ป๐๐๐ฎ๐ป๐ ๐ฏ๐ฎ๐ฐ๐ธ-๐ฎ๐ป๐ฑ-๐ณ๐ผ๐ฟ๐๐ต ๐๐ถ๐๐ต ๐ฎ ๐น๐ผ๐ฎ๐ป ๐ผ๐ณ๐ณ๐ถ๐ฐ๐ฒ๐ฟ.
โLendZen is a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront.
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Customize your own loan in under a minute and get instant qualification results for your exact scenario.โ
Then revisit your real-time options anytime in the future with just one-click. ๐ก๐ผ ๐ป๐ฒ๐ฒ๐ฑ ๐๐ผ ๐ฐ๐ผ๐ป๐๐ฎ๐ฐ๐ ๐ฎ ๐๐ฎ๐น๐ฒ๐๐ฝ๐ฒ๐ฟ๐๐ผ๐ป, ๐ฟ๐ฒ๐ฝ๐น๐ ๐๐ผ โ๐พ๐๐ผ๐๐ฒ ๐๐ต๐ฟ๐ฒ๐ฎ๐ฑ๐โ, ๐ผ๐ฟ ๐ณ๐ถ๐น๐น ๐ผ๐๐ ๐ฑ๐ผ๐ฐ๐๐บ๐ฒ๐ป๐๐.
You can also request an official Loan Estimate for the exact pricing you see online with no extra steps.
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๐ฅ๐ฒ๐ณ๐ถ๐ป๐ฎ๐ป๐ฐ๐ฒ ๐น๐ผ๐ฎ๐ป๐ ๐ด๐ฒ๐ ๐ฎ๐ป ๐ถ๐ป๐๐๐ฎ๐ป๐ ๐๐ฅ๐๐๐๐๐ฉ๐๐ก ๐ฎ๐ป๐ฎ๐น๐๐๐ถ๐ ๐ฏ๐ฎ๐๐ฒ๐ฑ ๐ผ๐ป ๐ฝ๐๐ฟ๐ฒ ๐บ๐ฎ๐๐ต ๐ฎ๐ป๐ฑ ๐๐ถ๐๐ต๐ผ๐๐ ๐ฎ๐ป๐ ๐๐ฎ๐น๐ฒ๐ ๐ฏ๐ถ๐ฎ๐.
The analysis shows you whether a refinance will benefit you and what rate has the most savings, using any timeline you decide.
Ready to customize your own real-time mortgage rate quote?
Shop anonymously and enjoy instant results at LendZen(.com) (NMLS# 375788)
