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Sung Kim
Vice President of Mortgage Lending, Guaranteed Rate
Vice President of Mortgage Lending
Guaranteed Rate
195116
1750 North University Drive Suite 234 Coral Springs, FL 33071
CONTACT ME
Contact Me
571-278-6029
sung@skmortgagesolution.com
www.rate.com/sungkim
sung@skmortgagesolution.com
www.rate.com/sungkim
CONTACT ME
Recent News
Sifting Through Ashes For Seeds Of Hope
10/21/2022
20 Year High Rates as Inflation Persists. Any Hope in Sight?
10/14/2022
Rates Back to 20 Year Highs as Economy Remains Resilient
10/7/2022
Even Crazier Than Last Week: Rates Briefly Topped 7% For 1st Time in 20 Years
9/30/2022
Mortgage Rates Closing in on 7%. Any Relief in Sight?
9/23/2022
6.0% Mortgage Rates and a Big Fed Hike are Old News; Here's What Matters
9/16/2022
Things Are About to Get Interesting
9/9/2022
Unprecedented Rate Volatility as Markets Ponder Next Big Move
9/2/2022
Fed Reminds Markets Why Rates Went Sharply Higher in August
8/26/2022
Mortgage Rates Rose Sharply This Week
8/19/2022
The Curious Case of Lower Inflation Being Bad For Rates
8/12/2022
4.99% Mortgage Rates?! That's Old News
8/5/2022
The Real Reason Mortgage Rates Are Dropping at a Record Pace
7/29/2022
Lowest Rates Since Early June. What's Europe Got to do With It?
7/22/2022
Fed Talking About Big Rate Hikes, But Mortgage Rates Moved Lower
7/15/2022
Don't Trust This Week's Mortgage Rate Headlines! (Except This One)
7/8/2022
Rates Plummet to 3 Week Lows. Has The Corner Been Turned?
7/1/2022
Housing is Normalizing, Not Dying; Nice Rate Rebound After Last Week's Rout
6/24/2022
Mortgage Rates Hit 6%. World is Not Ending. May Just Be Beginning
6/17/2022
2022 is Already The Worst Year For Rates Since 1979
6/10/2022
Rates Bounce After 3 Weeks of Improvement; Prices Still Defying Gravity
6/3/2022
Big Shift in Housing Numbers. Scary or Welcome?
5/27/2022
Stocks Are Suffering, But It's Helping Rates Stabilize
5/20/2022
Best Week For Rates in Almost 2 Years, But There's a Catch
5/13/2022
Why Some Rate Quotes Are So Different And Why "Points" Are On The Rise
5/6/2022
The Fed's Playbook is Already Out For Next Week And Rates Have Already Reacted
4/29/2022
Mortgage Rates Are a Bit Higher (And Way Lower) Than You've Been Told
4/22/2022
Why Mortgage Rates Jumped Back Over 5% This Week
4/8/2022
When Will Prices Care About Rising Rates? And Are Rates Done Rising?
4/1/2022
Why Are Mortgage Rates Skyrocketing Toward 5%
3/25/2022
Highest Mortgage Rates in 3 Years After Fed Hikes, But Is There a Connection?
3/18/2022
Highest Rates In Nearly 3 Years Ahead of Next Week's Fed Hike
3/11/2022
Staggeringly Big Rate Swings as Markets Remain Focused on Ukraine
3/4/2022
Multi-Year Rate Highs Showing Little Concern For Geopolitical Risk
2/25/2022
Mortgage Rates Having Tough Time, But Housing Metrics Are Still Strong
2/18/2022
Highest Inflation Since The 80s; Highest Rates Since 2019; Huge Volatility on Friday
2/11/2022
Mortgage Rates Leap Toward 4.0% After Jobs Report Shocker
2/4/2022
Is The Fed Going to Kill The Economy?
1/28/2022
Making Sense of Rising Rates And The Risks Ahead
1/21/2022
Fed May Be Hiking in March, But Higher Rates Are Here Today
1/14/2022
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Average Mortgage Rates
Mortgage News Daily
MBA
Freddie Mac
Rate
Change
Points
30 Yr. Fixed
6.99%
0.00
--
15 Yr. Fixed
6.51%
+0.01
--
30 Yr. FHA
6.50%
-0.02
--
30 Yr. Jumbo
7.29%
-0.01
--
5/1 ARM
7.22%
+0.02
--
Source: Mortgage News Daily
Rate
Change
Points
30 Yr. Fixed
7.08%
-0.10
0.63
15 Yr. Fixed
6.61%
+0.01
0.65
30 Yr. FHA
6.89%
-0.03
0.94
30 Yr. Jumbo
7.22%
-0.09
0.58
5/1 ARM
6.56%
-0.04
0.66
Source: The Mortgage Bankers Association
Rate
Change
Points
30 Yr. Fixed
7.02%
-0.42
0.00
15 Yr. Fixed
6.28%
-0.48
0.00
Source: Freddie Mac
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Market Data
MBS
Price
Change
UMBS 5.5
99.12
-0.21
UMBS 6.0
100.67
-0.13
UMBS 6.5
102.01
+0.01
GNMA 5.5
99.74
-0.11
GNMA 6.0
101.38
-0.10
GNMA 6.5
101.76
-0.05
US Treasuries
Yield
Change
2 YR
4.787
+0.057
5 YR
4.394
+0.050
10 YR
4.371
+0.030
30 YR
4.512
+0.005
Pricing as of:
5/16 12:57PM
EST
Recent Housing Data
Value
Change
Mortgage Apps
May 15
198.1
0.51%
Building Permits
Mar 1
1.46M
-3.95%
Housing Starts
Mar 1
1.32M
-13.15%
New Home Sales
Mar 1
693K
4.68%
Pending Home Sales
Feb 1
75.6
1.75%
Existing Home Sales
Feb 1
3.97M
-0.75%
Builder Confidence
Mar 1
51
6.25%
Economic Calendar
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