Archives for 2018

Mortgage Rates November 21, 2018

Mortgage rates for November 21st, 2018 – The 10y yield opened the day at the 3.07% level however after this mornings economic data reported the 10y yield moved down due to a weaker than expected Durable Goods report. Overall mortgage rates should start the day at similar levels (compared to yesterday). On the economic calendar today we had the Mortgage Index reports (weaker, near a 20 year low!), along with Housing (pending) and Durable Goods (weaker).  The Durable Goods report was not only weaker than expected but the revisions for last month were lower than than the initial report. Weaker data usually results in positive moves for bonds however today is the day before Thanksgiving so traders are positioning themselves for a long “holiday weekend”.  There are no reports on Thursday and Friday.  As mentioned last week the next FOMC (the Fed) meeting is December 18th – 19th. Many analyst and investors expect the Fed to raise rates again. 

HAPPY THANKSGIVING!

Mortgage RatesCurrently we’re seeing 30 year fixed mortgage rates below 5.00%. 20 year fixed mortgage rates below 4.875% and 15 year fixed rates below 4.00%.  Mortgage rates adjust daily; sometimes they adjust multiple times in a day when the bond market is volatile. At JB Mortgage Capital, Inc. we offer residential mortgage loans on 1-4 unit properties for both purchase and the refinance of a current mortgage. We have loan programs for both fixed rate mortgages and adjustable rate mortgages.  

Call us today for a no cost – no obligation quote at 1-800-550-5538.  We offer industry low mortgage rates, the latest technology and have a top rating with the Better Business Bureau.

JB Mortgage Capital, Inc. Reviews:

“As a first time home buyer, I really didn’t understand the whole mortgage business. Kevin took me through each step and educated me on the whole process. He was diligent, organized, and always kept me abreast of new developments. He worked hard to provide me with many different options from which to choose. I felt confident that if something needed to be done, Kevin would make sure to follow it to completion. I recommend him highly !!!”

Matt T.
Woodland Hills, CA

Mortgage Rates November 20, 2018

Mortgage rates for November 20th, 2018 – the 10y yield continues to push closer to 3.00% and Mortgage Backed Securities are following however mortgage lenders are usually cautious with rates during a holiday week (especially during Thanksgiving week) so we might not see any improvements to rates today. We’re seeing the 10y yield trade at the 3.39% level and it appears stocks are set to open significantly lower than yesterday. However this can easily change during the day as we’re in a volatile market right now and we’ve already seen dramatic improvements to the 10y yield this month. A possible bump higher in yield is always possible and it would not be that surprising.

On the economic calendar today we have Housing Starts which came in a bit stronger than expected and Building Permits which came in weaker than expected; there was little market reaction to the reports. On Wednesday we have Mortgage Index reports, along with Housing and Durable Goods.  There are no reports on Thursday and Friday.  As mentioned last week the next FOMC (the Fed) meeting is December 18th – 19th. Many analyst and investors expect the Fed to raise rates again. 

Mortgage RatesCurrently we’re seeing 30 year fixed mortgage rates below 5.00%. 20 year fixed mortgage rates below 4.875% and 15 year fixed rates below 4.00%.  Mortgage rates adjust daily; sometimes they adjust multiple times in a day when the bond market is volatile. At JB Mortgage Capital, Inc. we offer residential mortgage loans on 1-4 unit properties for both purchase and the refinance of a current mortgage. We have loan programs for both fixed rate mortgages and adjustable rate mortgages.  

Call us today for a no cost – no obligation quote at 1-800-550-5538.  We offer industry low mortgage rates, the latest technology and have a top rating with the Better Business Bureau.

JB Mortgage Capital, Inc. Reviews:

“As a first time home buyer, I really didn’t understand the whole mortgage business. Kevin took me through each step and educated me on the whole process. He was diligent, organized, and always kept me abreast of new developments. He worked hard to provide me with many different options from which to choose. I felt confident that if something needed to be done, Kevin would make sure to follow it to completion. I recommend him highly !!!”

Matt T.
Woodland Hills, CA

Mortgage Rates November 19, 2018

Mortgage RatesMortgage rates for November 19th, 2018 are starting out the day at similar levels seen on Friday as the 10y yield is starting the week at the 3.08% level.  Mortgage Backed Securities (MBS) are a bit weaker this morning however nothing significant. Since this is a shortened trading week with the Thanksgiving holiday you may see some lenders be cautious with the mortgage rates they issue.  And if there is a significant downside move in the market lenders will most likely be very aggressive about pushing rates up. Unfortunately the same can not be said if we see bond yields move significantly down; most likely lenders will not pass along significant improvements due to the holiday and general market volatility.

The economic calendar today has the NAHB Housing Market Index. Tomorrow we having Housing Starts and Building Permits and on Wednesday we have Mortgage Index reports, Housing and Durable Goods.  There are no reports on Thursday and Friday.  As mentioned last week the next FOMC (the Fed) meeting is December 18th – 19th. Many analyst and investors expect the Fed to raise rates again.

Currently we’re seeing 30 year fixed mortgage rates below 5.00%. 20 year fixed mortgage rates below 4.875% and 15 year fixed rates below 4.00%.  Mortgage rates adjust daily; sometimes they adjust multiple times in a day when the bond market is volatile. At JB Mortgage Capital, Inc. we offer residential mortgage loans on 1-4 unit properties for both purchase and the refinance of a current mortgage. We have loan programs for both fixed rate mortgages and adjustable rate mortgages.  Call us today for a no cost – no obligation quote at 1-800-550-5538.  We offer industry low mortgage rates, the latest technology and have a top rating with the Better Business Bureau.

JB Mortgage Capital, Inc. Reviews:

“Dear Kevin, Thank you so much for making our first home buying experience a pleasant one. With any home purchase there can be many pitfalls, and I appreciate the way you were able to guide us through the process (even when I was freaking out a little). Your prompt replies to my questions, and eagerness to run different mortgage scenarios for my wife and I really helped us find a mortgage that fits our needs. I will be happy to refer my friends to you. Everything went off without a hitch, and we love our new home!”

Mike F.
Culver City, CA

Mortgage Rates 11-16-18

Mortgage rates for November 16th, 2018 are heading into the weekend at their best levels of the month. The 10y yield is trading below 3.10% (as low as 3.081% this morning) and mortgage bonds are also showing signs of strength. The economic calendar today is absent of any significant reports and next is the housing data and the Durable Goods report. Thanksgiving holiday is fast approaching and most lenders will be closing early Wednesday, and won’t reopen until Monday. Bond markets are closed for the holiday.  The next FOMC (the Fed) meeting is December 18th – 19th. Many analyst and investors expect the Fed to raise rates again.

Currently we’re seeing 30 year fixed mortgage rates below 5.00%. 20 year fixed mortgage rates below 4.875% and 15 year fixed rates below 4.00%.  Mortgage rates adjust daily; sometimes they adjust multiple times in a day when the bond market is volatile. At JB Mortgage Capital, Inc. we offer residential mortgage loans on 1-4 unit properties for both purchase and the refinance of a current mortgage. We have loan programs for both fixed rate mortgages and adjustable rate mortgages.  Call us today for a no cost – no obligation quote at 1-800-550-5538.  We offer industry low mortgage rates, the latest technology and have a top rating with the Better Business Bureau.

Mortgage Rates

Reviews:

“Kevin was the most tangible person I’ve dealt with in home mortgages. Anytime we had a question posed to Kevin, Kevin was available via phone and via email PROMPTLY. Kevin was able to handle ALL of our questions and concerns with out any doubt. I would like to Thank Kevin for a wonderful experience and best I’ve had to date. I WILL be referring Kevin to all co-workers, friends and family in the business of buying a home. Thank you.” Michele and Mark S. – Simi Valley, CA

Mortgage Rates November 15, 2018

Mortgage rates for November 15th, 2018 are starting off the day on a positive note as the 10y yield opens around the 3.10% level.  Yesterday’s CPI report came in a bit weaker than expected and oil continues to trade below $60. This should help keep a lid on rising yields. This morning we had Retail Sales which came in higher than expected, Export Prices and Import Prices came in higher than expected. However the Philly Fed Index came in much lower than expected. Overall it’s been a great 4 trading sessions for bonds however mortgage rates may not improve much until we see a significant move down in the 10y yield below 3.00%.

Currently we’re seeing 30 year fixed mortgage rates below 5.00%, 20 year fixed mortgage rates below 4.875% and 15 year fixed rates below 4.50%.  Mortgage rates for some “A” level borrowers (high credit score, low loan to home value ratio, low debt to income ratio and no cash out) are as low as 4.75% on the 30 year fixed rate loan program, 20 year fixed 4.625% and on the 15 year as low as 3.75%. 

Call us today for a no cost – no obligation quote at 1-800-550-5538.  We offer industry low mortgage rates and have a top rating with the Better Business Bureau and the Business Consumers Alliance. We offer also the latest technology to ensure your loan is processed quickly.

Great Reviews!

“On behalf of my family I would like to thank you for all your assistance and effort to get this mortgage approved at a lower rate. We sincerely appreciate it and we’re truly happy working with you.”

Eric S.
Arcadia, CA