DAILY MORTGAGE RATES  (March 01, 2024) — Powered by OBMMI™

30-Yr. Conforming

6.845% -0.040

30-Yr. Jumbo

7.223% -0.124

30-Yr. FHA

6.675% +0.020

30-Yr. VA

6.450% -0.050

30-Yr. USDA

6.557% -0.209

15-Yr. Conforming

6.268% -0.076
VIEW TRENDS

February-07-2019

METHODOLOGY & DEFINITIONS

The OBMMI™ methodology is straightforward, simply taking the average rate of all appropriate locks locked through the Optimal Blue product eligibility and pricing engine on a given day. No adjustments to the rates that account for buy-up or buy-down decisions made by individuals are performed.

These indices leverage data from Optimal Blue PPE lock requests (approximately 35% of all locks nationwide) aggregated on a daily basis and updated nightly with the previous day’s locks. Weekends and holidays are excluded due to lack of data. All applicable product types are included unless otherwise specified, and customers are categorized by mortgage company (82.49%), bank (15.30%), credit union (1.92%), and service provider (0.30%).

View Index Definitions