Kevin O'Connor

Mortgage Rates For May 24, 2019

Family Home

Today’s Mortgage Rates: Mortgage rates for May 23, 2019 are improved heading into the three day holiday weekend. The biggest question seems to be; why are mortgage rates not lower as the 10y yield drops to new lows? The simple answer is this: Mortgage rates are originated in the Mortgage Backed Securities market (not the Treasury market nor does the … Read more

OneWest Bank

OneWest Bank California

OneWest Bank: OneWest Bank is one of the banks in southern California founded in 2009 by an investors group called IMB Holdo. The bank provides services such as home loans, consumer deposit, and lending, among others. Though the bank may seem fairly new, its origin could be traced to one of the failed banks in the United States seized by … Read more

Mortgage Rates For May 23, 2019

Blue Home

Today’s Mortgage Rates: Mortgage rates for May 23, 2019 are stable and near recent lows as the trade war with China intensifies. We’re nearing a three day holiday weekend and we usually see the mortgage industry take a cautious approach when it comes to mortgage rates. Looking at next week there are several important economic reports coming out including the … Read more

Mortgage Rates For May 22, 2019

Older couple in front of home

Today’s Mortgage Rates: Mortgage rates for May 22, 2019 are starting off the day at similar levels to yesterday as the bond market hits the pause button on the selling that’s taken place over the last two days. Concerns over the trade war with China (which is one reason why bond markets and mortgage rates have improved this month) has … Read more

Mortgage Rates For May 21, 2019

Today’s Mortgage Rates: Mortgage rates for May 21, 2019 are a bit higher today due to recent selling in the Mortgage Backed Securities market. The move higher is minimal and for the most part a fairly “normal” day-to-day adjustment the market sometimes makes. 30 year and 15 year fixed Conforming mortgage rates remain near their 2019 lows; FHA and non-conforming … Read more

Mortgage Rates For May 20, 2019

nice family home

Today’s Mortgage Rates: Mortgage rates for May 20, 2019 are starting off the week at great levels. Generally speaking; mortgage rates are near their 2019 lows due to a recent rally in bonds that started after news came out that the trade talks between China and the United States were at impasse. For most of April the President and his … Read more

Mortgage Rates For May 17, 2019

A Brown Home

Today’s Mortgage Rates: Mortgage rates for May 16, 2019 are finishing off the week near the lowest levels of 2019. With the improvements we’ve seen in the Mortgage Backed Securities (MBS) market Conforming fixed rates and FHA fixed rate mortgage continue to offer the most attractive terms to consumers. Mortgage Backed Securities and Treasury Snapshot: Mortgage Backed Security FNMA 4.0 … Read more