Kevin O'Connor

Mortgage Rates For July 26, 2019

Brown Modern Home

Today’s Mortgage Rates: Mortgage rates for July 26th are finishing off the last full week of July a bit higher than yesterday. This morning’s stronger than expected GDP report and yesterday’s bond market selling are the reasons for the move higher. Is this move higher going to continue? It’s too early to tell as the move is within the range … Read more

Mortgage Rates July 25, 2019

Townhome

Today’s Mortgage Rates: Mortgage rates for July 25th, 2019 are starting off the day at similar levels after a wild ride in the bond market this morning (more on this below). Conforming, FHA and Jumbo fixed mortgage rates (refinance and purchase transactions) are near their 2019 lows. Mortgage Backed Securities and Treasury Snapshot: Mortgage Backed Security FNMA 3.5 started the … Read more

Mortgage Rates For July 24, 2019

Couple in front of home

Today’s Mortgage Rates: Mortgage rates for July 24, 2019 – Conforming, FHA and Jumbo fixed mortgage rates for both refinance and purchase transactions. Overall mortgage rates continue to hover just above recent lows. The Mortgage Backed Securities market has been range bound (more on this below) as we move towards the end of July. Next week is the FOMC meeting … Read more

Mortgage Rates For Jul 23, 2019

Realtor with homeowners

Today’s Mortgage Rates: Mortgage rates are stable as Conforming, FHA and Jumbo fixed mortgage rates remain near recent lows. Yesterday’s announcement that a budget deal has been reached had no impact on bonds and mortgage rates despite the fact that the deal increased spending by nearly $400 billion. The budget deal was reached between the President and leaders of Congress. … Read more

Mortgage Rates For July 22, 2019

Modern Brown Home

Today’s Mortgage Rates: Mortgage rates for July 22, 2019 remain near 2019 lows as the bond market continues to trade within the recent range. There are no major economic reports set to be released today however later in the week we have the Durable Goods and Q2 GDP reports. Conforming, FHA and Jumbo fixed mortgage rates, for both refinance and … Read more

Mortgage Rates For July 19, 2019

Older couple in front of home

Today’s Mortgage Rates: Mortgage rates are finishing the week at great levels despite stronger than expected data (Retail Sales and Philly Fed Index). Yesterday afternoon Fed President Williams had some very bond friendly comments that helped push bond yields lower. Looking forward to next week; if the market can build from this momentum we should see some improved mortgage rates … Read more

Mortgage Rates For July 18, 2019

Today’s Mortgage Rates: Conforming, FHA and Jumbo mortgage rates are at risk of moving higher after stronger than expected economic data this morning (more this below). Positive economic data is a negative for mortgage rates and negative economic data is a positive for mortgage rates (generally speaking). Mortgage Backed Securities and Treasury Snapshot: Mortgage Backed Security FNMA 3.5 started the … Read more