Mortgage Rates February 18, 2019

Mortgage rates for February 18, 2019 will be the same as last Friday due to the President’s Day holiday. Most mortgage companies are closed today (not us!) and will re-open on Tuesday.


Mortgage Backed Securities and Treasury Snapshot:

Bond markets are closed today and will reopen on Tuesday. Mortgage Backed Security Coupon FNMA 4.0 closed at the 102.01 level on Friday and the 10y Treasury closed at the 2.66% level on Friday.

FHA Mortgage Rates

Economic Data:

Markets are closed Monday for Presidents (we are open and available) day and on Tuesday we have the NAHB HMI. On Wednesday we have the weekly Mortgage Market Index and FOMC Minutes. On Thursday we have weekly Unemployment Claims, Durable Goods, Philly Fed and Existing Home Sales. There are no important economic reports on Friday February 22nd, 2019.

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 3.75%. 30 year fixed FHA mortgage rates are below 4.125%. Please keep in mind that mortgage rates adjust daily; sometimes they adjust multiple times in a day when the bond market is volatile. Also things like obtaining cash out, lower credit scores, higher Loan-To-Value ratios, rental properties and the subordination of a second mortgage will cause in an increase in your mortgage rate. 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.

The Week Ahead:

What are we looking at this week when it comes to mortgage rates and the Mortgage Backed Securities market?

Important events that may influence mortgage rates this week:

  • The stock market
  • Trade negotiations with China
  • Weekly unemployment claims
  • Durable Goods and Philly Fed report
  • 30 Year Bond Auction

While it’s a slow week for economic reports there is a lot to keep track of. What has been really interesting to see the last few weeks is how stocks continue to rally while bonds stay in the lower end of their 2019 range. Which market is right? There’s a chance we may find out this week if one of the two reverses course.

Trade negotiations have been the primary news story that has propelled stocks higher. It’s hard to say if it’s the reason why bond yields have not pushed to new lows however that is a possibility.

Weekly unemployment claims are still lower however they seem to be increasing and are at higher levels than we’ve seen previously. The market might start to take notice if there continues to be an upward trend especially since the job market is one of the few bright spots in the economy.

Durable Goods and the Philly Fed report are always important reports for Mortgage Backed Securities and mortgage rates.

The 30 year bond auction will be closely watched on Thursday; hopefully we’ll see strong interest from buyers which will be a positive for mortgage rates.

JB Mortgage Capital, Inc.:

We offer industry low mortgage rates, personal one-on-one service and we have an A+ rating with the Better Business Bureau (BBB). We also have the top rating with the Business Consumers Alliance (AAA). We utilize the latest technology to ensure a fast closing and Loan Officer Kevin O’Connor has over 14 years of experience as a Loan Officer. You can contact him directly at 1-800-550-5538.

[elementor-template id=”23040″]

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