Kevin O'Connor's (rates01) Blog

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Mortgage and Lending - JB Mortgage Capital, Inc. - NMLS# 247447
Mortgage Rates At The Open:Both Mortgage Backed Securities and the 10y Treasury yield opened in negative territory this morning however mortgage rates and terms should still be similar to what was offered yesterday. The FNMA 4.00 opened at 101.86 and the 10y yield opened at the 2.72% level.For mo...
The FOMC Meeting and Mortgage Rates:Today was day one of the two day FOMC meeting (aka the Fed); tomorrow they announce their rate decision and their views on the economy. There is little to no expectation they are going to raise and most analyst are more focused on what they have to say about th...
Starting The Day On A Positive Note:Mortgage Backed Securities started the day in positive territory which is a continuation from yesterday's rally. Weak corporate earnings and a declining stock market helped improve mortgage terms yesterday and that may continue on Tuesday. Mortgage rates for Ja...
Mortgage Rates:Mortgage rates will start the day at similar levels seen last week as Mortgage Backed Securities open the day slightly negative. 30 year fixed rates and 15 year fixed rates are the two most attractive loan programs right now. Later today there is the 2y auction and the 5y auction; ...
Getting The Best Mortgage Rate In California:Over 50 million people live in the great State of California and nearly 55% of those households own a home. This is one of two main reasons why the mortgage market in California so competitive; the second is home values. The two of them together make i...
This Weeks Homeowner News:January 2019 has started with a bang in the mortgage industry as mortgage rates pushed down to levels not seen in nearly a year. While mortgage applications for both purchase and refinance transactions dropped significantly over the holidays they've rebounded back to mor...

Kevin O'Connor

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