Mortgage Rates For December 28, 2018

Mortgage rates for December 28, 2018 will be similar to yesterday on the last Friday of 2018. Bond yields and Mortgage Backed Securities are at similar levels to yesterday despite a significant turn around in stocks.

It’s great to see the 10y yield stay below 2.82% as stocks continue to rally.  Today we have the Chicago PMI report, Pending Home Sales and Crude Oil Inventories. As mentioned yesterday, next week the market closes early on Monday; and remains closed on Tuesday. Mortgage companies and markets re-open on Wednesday.

There are no important economic reports on Wednesday however on Thursday we have the ADP National Employment Report for December, ISM New York Index for December, ISM Manufacturing PMI, ISM Manufacturing Prices Paid for December (an important piece when it comes to inflation) and Vehicle Sales. To end the week we have the BLS Employment report, unemployment rate and Average Earnings for the month of December.

Government Shutdown:

There was some concern that we may not get the BLS employment report due to the government shutdown however that is not the case; they’ve confirmed they will be able to release their report. As for the government shutdown it appears that it will go into 2019 and may last for some time if neither side budges on what they want.

So far it seems like the Treasury market and the Mortgage Backed Securities market are shrugging off the shut down however not sure if that would be the case if it last for weeks or even months.

New Mortgage Website:

Currently we are working on launching a totally brand new website. In the next 2-5 days we’ll launch the updated version and it will have a totally new layout. The new design is responsive to any screen size, it has better functionality for our clients and it has a modern clean look. Between now and then the site may be down for a short period of time so please be patient with us!

Currently We Are Seeing:

30 year fixed mortgage rates below 4.375%, 20 year fixed mortgage rates below 4.25% and 15 year fixed rates below 3.625%. Mortgage rates adjust daily; sometimes they adjust multiple times in a day when the bond market is volatile. To get the most up-to-date quote specific to your loan scenario be sure to contact Loan Officer Kevin O’Connor at 1-800-550-5538 or you can submit a “Contact Us” request on the our website. 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.

Check Out Our Updated Refinance Page:

Is now the right time for you to consider a refinance of your current mortgage? Does your current mortgage have a high interest rate or are you looking to refinance because you wish to take cash out? Doing a refinance with a reputable mortgage company ensures you’ll get a great mortgage rate and a smooth closing. At JB Mortgage Capital, Inc. we provide the unique combination of a low interest rate along with top notch customer service.  

With extensive knowledge and nearly over 14 years of experience; Loan Officer Kevin O’Connor will work hard to find the best refinance terms for you and provide our industry best 1-on-1 personal service from application to closing.

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Loan Officer Kevin O'Connor

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 fully licensed with the state of California and the Nationwide Mortgage Licensing System (NMLS). He has a top rating with the Better Business Bureau, Google, and Zillow. He continually delivers the results homeowners are looking for; low rates, fast closings, and exceptional service. CA DRE #01499872 and NMLS # 247447

1 thought on “Mortgage Rates For December 28, 2018”

  1. I thought for sure the 10 year yield would bounce higher as stocks did. Hopefully it doesn’t bounce higher next week.

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