DAILY MORTGAGE RATES  (March 15, 2024) — Powered by OBMMI™

30-Yr. Conforming

6.867% +0.018

30-Yr. Jumbo

7.091% -0.134

30-Yr. FHA

6.685% +0.025

30-Yr. VA

6.499% -0.091

30-Yr. USDA

6.642% -0.009

15-Yr. Conforming

6.294% +0.012
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LAST UPDATED: MAR 15, 2024

OBMMI™ provides the most comprehensive, accurate, timely, and interactive analysis of pricing ever conducted in the mortgage industry.

Calculated from actual locked rates with consumers across 35% of all mortgage transactions nationwide, OBMMI includes multiple mortgage pricing indices developed around the most popular mortgage products and specific borrower attributes to provide configurable trending of rates over time.

OPTIMAL BLUE MORTGAGE MARKET INDICES


30-Yr. Conforming

6.867%
0.018

15-Yr. Conforming

6.294%
0.012

30-Yr. Jumbo

7.091%
0.134

30-Yr. FHA

6.685%
0.025
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Primary Mortgage Indices







30-Yr. Conforming - LTV <= 80






30-Yr. Conforming - LTV > 80






OBMMI™ is powered by Optimal Blue.

UNIQUE ADVANTAGES

HOW IS OBMMI DIFFERENT?


The Optimal Blue Mortgage Market Indices™ or OBMMI™ are uniquely positioned to provide unparalleled transparency into mortgage rates by utilizing observed, real-time lock data from approximately 35% of the market. This data is aggregated daily and split in informative and novel ways, covering not only conventional 30- and 15-year fixed rate indices, but also FHA, USDA, VA, and Jumbo, as well as many Detailed Mortgage Indices of the Conventional 30 group based on Loan-to-Value (LTV) and FICO credit score. The OBMMI deliver the most complete, frequent, and informative view of the mortgage rate environment based solely on observed, real-time transactions.

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MARKET ANALYSIS

IMPACT OF LTV & CREDIT ON MORTGAGE RATES


DAILY MORTGAGE BRIEFING


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WIDGETS CUSTOMIZED TO YOUR SITE


Deliver daily mortgage rates to your site visitors by creating a fully branded, personalized OBMMI widget that you can easily implement on your own website or eNewsletter – at no cost to you.

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Are you interested in even more configurability? Optimal Blue has developed an advanced API which provides the user with limitless flexibility. Contact us to learn more!

TERMS OF USE

DATA & USE AGREEMENT


Optimal Blue's OBMMI data may be linked to, utilized, posted on social media or data may be exported per the links on our OBMMI webpage without Optimal Blue's prior written consent but subject to the provisions below. By linking to, posting or otherwise using any OBMMI content, Optimal Blue grants to you a non-exclusive, limited, revocable, non-transferable, non-assignable right to access, use and link to Optimal Blue's OBMMI webpage(s) and, to use Optimal Blue's name and/or logo solely for the purpose of properly identifying Optimal Blue's content or the link from your website to the Optimal Blue website.

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MORTGAGE INDICES

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

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