Mortgage Rates For January 15, 2019

Mortgage rates for January 15, 2019 will start the day at similar levels to yesterday as the bond market opens in positive territory. Mortgage Backed Securities have been holding their own lately and appear to be trading in a range since January 8th. Moving forward mortgage rates will respond positively to continued stability in the Mortgage Backed Securities market.

While we all want bonds to rally and mortgage rates to move lower however for the long term health of the market its good to have periods of leveling out. The 10y Treasury opened the day at the 2.70% level and has since moved lower to 2.90%. Later in the week we have the Phill Fed Index which might have some impact on Mortgage Backed Securities and mortgage rates before we head into the weekend.

Family HomeEconomic Data:

Today we have the Producer Prices Index for December, Core Producer Prices Index, and the NY Fed Manufacturing Index for Jan. All three report came in below expectations however they’re not “major” economic reports so they probably won’t affect mortgage rates. 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.

FHA Mortgage Rates

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.

Credit, Capacity And Collateral:

It’s the three C’s of underwriting a mortgage loan application. Most borrowers have probably never heard about the three C’s (in fact most Loan Officers too) despite it being the backbone of underwriting. Credit, Capacity and Collateral determine the mortgage rate you’ll qualify for so it’s important you have all the information there is about understanding the three C’s.

When I get asked “What are the current mortgage rates?” I always try to communicate to people that it’s not as simple as they’re expecting it to be. On a previous page we go into this and how to best understand the three C’s. Credit – what’s your credit score and your payment history listed on your credit report. Capacity – this has to do with your ability to repay the loan (income/debt) and Collateral – this has to do with the current value of your home.

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

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