Mortgage Rates For January 10, 2019

Mortgage rates for January 10, 2019 will start the day better than yesterday afternoon as both Mortgage Backed Securities and Treasuries are set to rally at the open. In the overnight session of trading the 10y yield pushed below 2.70%. While yields and rates have pushed higher in recent days the overall movement has not been that bad considering the plunge from 3.25% down to 2.54%.

We’ll have to see what happens but it appears the market might be stabilizing which is a good thing for mortgage rates. Lenders much prefer a stable market than a volatile market. The 10y auction yesterday was strong which has helped keep a lid on bond yields moving up.

California Home

Mortgage Applications Survey:

After a dismal report last week (which was not surprising) the Mortgage Purchase and the Mortgage Refinance Index both  jumped significantly. It appears more and more people are taking advantage of the low mortgage rates that are available. Those looking to refinance their current mortgage, that purchase a home in the last 6-12 months, are especially seeing some benefit with where current rates are at.


FHA Mortgage Rates

Economic Data:

Today we have Wholesale Inventories, weekly Unemployment and Wholesale Sales. Tomorrow we have the very important Consumer Price Index (CPI) report which could be a market mover. As for next week; there are no major economic reports on Monday. On Tuesday we have the Producer Prices Index for December, Core Producer Prices Index, and the NY Fed Manufacturing Index for Jan. On Wednesday we have retail sales for December, Export prices and Import prices for December. Thursday it’s the Building Permits report along with Housing Starts and Philly Fed Index for January. To finish out the week we have Industrial Production, Consumer Sentiment and the 1yr and 5yr inflation outlook.

Currently We Are Seeing:

30 year fixed mortgage rates below 4.25%, 20 year fixed mortgage rates below 4.125% and 15 year fixed rates below 3.625%. Please keep in mind that 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.

The Lowest Mortgage Rate We Can Offer:

We continue to streamline our business model to ensure we can offer the lowest mortgage rate we possibly can. From utilizing the latest technology to our personal one-on-one service; we believe we have one of the most cost affective and customer focused operations in the mortgage industry. A recent study found that millions of Americans can lower their mortgage rate by over .50% if they take advantage of the current market. Fixed mortgage rates are the most attractive right now.

Home Loan Rates In California:

As we move further into 2019 home loan rates in California are sitting at levels better than what was being offered just a few short months ago. The lowest refinance rates in California can usually be obtained with top rated mortgage companies (see Better Business Bureau). You’ll want to avoid companies with no rating or a bad rating with the Better Business Bureau. If a company has a bad rating with the BBB there probably is a good reason as it takes a lot of complaints from customer to push your BBB rating lower.

Government Shutdown:

Yesterday the President met with Nancy Pelosi and Chuck Schumer. The meeting end with Trump leaving in the middle of the meeting and then tweeting the meeting was “a total waste of time”. The government shutdown affecting mortgage rates is not really an issue right now. However the longer this goes on the greater impact it will have on our economy. Hundreds of thousands of Americans are not getting a pay check right now and that means they’ll be spending less.

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. 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.

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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