Where the market is, and what it means for you.
An index tells you which way the wind is blowing. Your rate depends on credit, down payment, property, loan type, and timing. Get oriented here, then let Jared price your actual scenario.
What this index is
Optimal Blue compiles OBMMI from actual rate locks run through its pricing engine, roughly a third of locks nationwide. It’s aggregated daily and updated nightly with the prior business day; weekends and holidays are excluded.
What it isn’t
Not real-time pricing, not a quote, not an APR, and not an offer or commitment to lend. Your own rate will differ based on credit score, loan-to-value, property type, program, lock period, and points.
A weekly benchmark
Freddie Mac publishes its Primary Mortgage Market Survey every Thursday: freddiemac.com/pmms. It’s a weekly survey average, so expect it to lag a daily index.
Principal and interest, roughly.
Arithmetic to help you think in monthly terms. It excludes taxes, insurance, HOA dues, and mortgage insurance, which can be significant.
Enter any rate; the default is a placeholder, not a current offer. Estimate only. Excludes property taxes, homeowners insurance, HOA dues, and mortgage insurance. Not a quote, pre-qualification, or commitment to lend.
Want a number that’s actually yours?
Jared can price your real scenario and walk you through what moves it.