Kevin O'Connor's (rates01) Blog

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Mortgage and Lending - JB Mortgage Capital, Inc. - NMLS# 247447
A "Strong" GDP Number And Better Mortgage Rates:Today might be the time in my 14+ year career as a Loan Officer that I've typed that sentence. A general rule of thumb when it comes to mortgage rates is this:A stronger than expected economic report (like GDP) can push mortgage rates higher.Does it...
Mortgage Rates Have Moved Higher:Remember the excitement back in March? Mortgage rates were moving lower and nearly everyone was saying mortgage rates would either keep going lower or worse case still low for a long time.Well that didn't happen.For nearly two weeks we've seen mortgage rates natio...
Mortgage Rate Update For March 2019:Conforming and FHA mortgage rates are at their lows for 2019. In addition to that they are at a level not seen in over 12 months as both the Mortgage Backed Securities Market and Treasury bond market continue to rally. As we move further into the month many ind...
Mortgage Rates March 2019:It's March 1st, 2019 and mortgage rates are higher to start the month. After a somewhat stable February we're starting to see some significant selling in the bond market three weeks before the Spring season. Most lenders are being cautious entering the weekend in case th...
Mortgage Updates Before Monday:Late Sunday it was reported by several news outlets that President Trump will hold back on adding new tariffs to Chinese goods due to the significant progress made in recent trade talks with China. While this might be good news for the economy it might push mortgage...
Mortgage Rates In March:With a week left to go in February it's time to start looking towards March and what the direction of mortgage rates might be as we finish out winter and start spring. I think most mortgage industry professionals would agree; we've had a great start to 2019 with respect to...
Today's Reading Has A Big Impact On Bond Markets:What does retail sales have to do with mortgage rates? Once a month there is a Retail Sales report which has the potential to influence mortgage rates. With the recent government shutdown the December report was delayed until this morning and the n...
Today's Mortgage Rates:Mortgage rates for Tuesday will be under pressure as a tentative deal to keep the government open was reached. Today's mortgage rates will be slightly worse than yesterday. However both 30 year  fixed mortgage rates and 15 year fixed mortgage rates remain near their 2019 lo...
Great Start To February 2019:February 2019 mortgage rates are off to a great start as fixed mortgage rates move down to 2019 lows. Both fixed rate mortgages, such as a 30 year fixed, and adjustable rate mortgages, such as a 7/1 ARM have improved in recent weeks as fear of a slowing economy, an es...
A Comprehensive Guide To FHA Loans In California:We recently added a comprehensive guide to FHA loans in California to our website and wanted to share some of the highlights. We feal likes it's one of the most complete guides you'll find on FHA loans in California. We cover a wide range of topics...

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