California refinance rates influenced by Evans

California refinance rates influenced by Evans earlier today; per Reuters see the feed information below.  Since his comments from earlier today; California refinance rates have shown a willingness to improve before the end of the day/by tomorrow.  California refinance rates have been a bit stagnant this week; and late yesterday came under pressure.  To keep loan volume just above abysmal mortgage lenders are trying to keep California refinance rates very competitive.  If we see further gridlock in Washington and if data points come in lower than expected we could see further improvements to California refinance rates over the next 4-8 weeks.

Charles Evans
President and Chief Executive Officer Federal Reserve Bank of Chicago.  Federal Reserve Bank of Chicago is one of twelve regional Reserve banks across the United States.

RTRS – FED’S EVANS SAYS 2 RATE HIKES THIS YEAR VERY SAFE, 3 COULD ALSO HAPPEN BUT 4 WOULD NEED EVEN BETTER FUNDAMENTALS

RTRS – FED’S EVANS SAYS BIG FISCAL STIMULUS NOT NEEDED BUT INFRASTRUCTURE SPENDING WOULD BE GOOD

RTRS – FED’S EVANS SAYS NOT MORE PESSIMISTIC THAN OTHERS BUT THINKS U.S. COULD BUILD MORE OF AN INFLATION “BUFFER”

If you would like a quote for a California refinance please contact JB Mortgage Capital, Inc. at 1-800-550-5538.  We’ll provide a no cost and no obligation quote and answer any questions you may have.