Kevin O'Connor's (rates01) Blog

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Mortgage and Lending - JB Mortgage Capital, Inc. - NMLS# 247447
RECENT BLOG POSTS
Two nights ago bonds were staging a significant overnight rally on news reports that Iran was firing missiles and US military bases. Before the overnight rally the 10 year yield was around 1.82% and it plummeted to below 1.70% before moving higher by morning. With news that there were no US casua...
01/09/2020
Mortgage rates in January, 2020 are starting off the month near their recent lows as the Mortgage Backed Securities market and Treasury market improve during this first week of January. Last weeks Chicago PMI report, Consumer Confidence report and ISM Manufacturing report, which were all weaker t...
01/06/2020
An important disclosure in the home loan process is the Loan Estimate. You should always read all of the disclosures a mortgage company issues but if you have to pick just one then it deffinetly would be the Loan Estimate. This disclosures is issued within three days of a completed Loan Applicati...
01/04/2020
It's being reported that the United States killed Iranian military leader Qasem Soleimani in a drone strike yesterday. While pundits focus on the implications of what was done to US interest in the region and the 60,000 Americans who live in the Middle East, I am going to focus on what this means...
01/03/2020
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Happy New Year! I hope everyone had a great holiday. The Mortgage Backed Securities market looked like it was going to start the day in negative territory however right at the open there was a quick reversal and bonds started to rally. Great way to start off 2020.  FNMA 3.5 coupon is at 102.92, a...
01/02/2020
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It's a quite day in the mortgage industry, bond market closes early along with most lenders. However there still are a few things cover as we wrap up 2019. On the last day of 2019 mortgage rates are stable as the bond market coasts into 2020. The Fannie Mae 3.0 coupon finished the year at 101.41,...
12/31/2019
Mortgage rates for today (December 30th, 2019) are stable as we finish off 2019. As previously discussed we were not expecting much these last few days as most people are focused on other things....like celebrating the new year and being with family and friends. Next week we should start to see a...
12/30/2019
No cost mortgage rates; everyone wants one but few people actually obtain one. Talk radio is filled with mortgage companies promising a "no cost" mortgage loan for qualified borrowers but many people simply don't believe and for good reason. The term "no cost" is abused by some lenders and there ...
12/29/2019
Every person and every family is different which is why we have lots of options for mortgage loans. Just because most people take a 30 year fixed mortgage doesn't mean you have to take a 30 year fixed rate mortgage. And even though your neighbor says Adjustable Rate Mortgages (ARMs) are the worst...
12/29/2019
It's Sunday afternoon, the weekend between Christmas and New Years, and I'm sitting in front of a computer! No worries though; just catching up on some items that need to be worked on and thought I'd share some insights with respect what we may see next week with mortgage rates.For the most part ...
12/29/2019
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Kevin O'Connor

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