DAILY MORTGAGE RATES  (June 18, 2021) — Powered by OBMMI™

30-Yr. Conforming

3.222% -0.023

30-Yr. Jumbo

3.133% -0.046

30-Yr. FHA

3.278% -0.009

30-Yr. VA

2.810% -0.052

30-Yr. USDA

3.185% -0.037

15-Yr. Conforming

2.527% -0.003



The Optimal Blue Mortgage Market Indices™ (OBMMI™) are a new, rich source of data aggregated from the observed locks of approximately 30% of the mortgage market daily. As the provider of the industry-leading product and pricing engine (PPE) with over 800 customers and supporting over $600 billion in locks annually, Optimal Blue is uniquely positioned to provide the market’s most extensive and accurate view of the mortgage rates consumers are paying. There are other indices that exist, however, they are typically less frequent (updated weekly versus daily), less accurate (use survey or rate sheet data rather than actual borrower locked rate), and less timely (published on a week delay rather than a day). The purpose of this piece is to highlight some of the features of the OBMMI, examine some potential use-cases, and highlight some of the features of the series.

Download the complete Rate Index Research Paper.