Mortgage Rates December 18, 2018

Mortgage rates should start off the day at slightly improved levels as the 10y yield opens in positive territory (2.83% level) along with Mortgage Backed Securities. Lenders will continue to be conservative with their pricing until Wednesday afternoon. That means mortgage rates December 18, 2018 will most likely be flat.

Stocks continue to sell off on worries of global economic slow down and oil is trading below $49 per barrel.

Interest Rates

Bear Market In Stocks:

High profile investor Jeff Gundlach along with other top investors think stocks are in Bear Market which some believe will help push yields/mortgage rates dramatically lower. However, a Bear Market in stocks doesn’t always mean mortgage rates go lower but generally speaking lower stock buying usually brings investors to the bond market.

Today we have Housing Starts and Housing Permits. Wednesday is the big day with the Fed decision and we also have existing home sales. To finish off the week we have the Philly Fed Index, Durable Goods and Core PCE.

Currently We Are Seeing:

30 year fixed mortgage rates below 4.50%, 20 year fixed mortgage rates below 4.375%, and 15 year fixed rates below 3.75%. 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 fixed rate mortgage loan programs and adjustable-rate mortgage loan programs.

Next week is the Christmas holiday. Most lenders and the bond market will close early on Monday and close on Tuesday. Things will start back up again on Wednesday when we have the CaseSchiller reports, then on Thursday we have the New Home Sales reports and to finish the week we have the Chicago PMI report.

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FHA Loan Limits For California For 2019: The Federal Housing Administration (FHA) issued their 2019 loan limits and the good news for homeowners in California is that they’ve increased their loan limits for most areas. The FHA increase in loan limit size is a big win for homeowners in California as it will open the door to additional opportunities for many current and potential homeowners.”

Featured Local Realtors – San Jose, California:

Sophia Delacotte:

Sophia Delacotte is a local Realtor in San Jose, California. Her office location is 2061 Lincoln Ave, San Jose, CA 95125 and her direct contact number is (408) 717-2575. Her focus is the Silicon Valley real estate market and she has 25+ years of “Negotiating Practice”.

She is proactive in helping clients set out a plan to achieve their real estate goals. She is a native of France has lived in Paris, London, Berlin, New York, and San Jose.

CSR Real Estate Services:

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They are a boutique real estate company founded in 2003. A local realty company with extensive connections throughout the area. In 2014 they found the CSR Cares Foundation that focuses on helping children throughout the local community.

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About Loan Officer Kevin O'Connor

About Loan Officer Kevin O'Connor

He is the founder and main contributor of He has over 16 years of experience as a Mortgage Loan Originator (MLO) and is a fully licensed with the state of California and the Nationwide Mortgage Licensing System (NMLS). He has a top rating with the Better Business Bureau and Zillow. He continually delivers the results homeowners are looking for; low rates, fast closings and exceptional service: "Helping Homeowners Achieve Their Dreams"  CA DRE #01499872 and NMLS # 247447