Mortgage Rates July 25, 2019

Today’s Mortgage Rates:

Mortgage rates for July 25th, 2019 are starting off the day at similar levels after a wild ride in the bond market this morning (more on this below). Conforming, FHA and Jumbo fixed mortgage rates (refinance and purchase transactions) are near their 2019 lows.

Mortgage Rates - Conforming Loans

Mortgage Rates - FHA Loans

Mortgage Rates - Jumbo Loans

Mortgage Backed Securities and Treasury Snapshot:

Mortgage Backed Security FNMA 3.5 started the day at 102.48 and the FNMA 4.0 coupon started the day at 103.59. The 10y Treasury yield started the day at the 2.02% level.

Bonds are starting off the day at improved levels after dovish statements by ECB President Mario Draghi. In addition to that we’re also seeing a positive reaction to the appointment of Christine Lagarde as the next ECB President.

Mario Draghi’s term ends October 31, 2019.

European bond yields crashed to record lows this morning and as a result Treasuries and Mortgage Backed Securities continue to improve. The buying spree leveled out after a stronger than expected Durable Goods Report (see below).


As I was writing this post bonds completely reversed course and yields moved higher after Mario Draghi claimed (in his press conference) he wanted to see the next (economic) projections before taking action. Meaning he’s in a wait and see move rather than a uber aggressive mode which is what the market interpreted prior to his press conference.

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Economic Data This Week:

Today we have Durable Goods and weekly Jobless Claims. On Friday we have the Advanced Q2 GDP report.

Durable Goods:

Expectations were for a 0.7% increase after last months -1.3% decline. The reading came in at 2.00% increase. Even though the report came in stronger than expected the bond rally remained in tact post report. Mortgage rates might improve from these levels if the bond market can hold onto these gains.

Weekly Jobless Claims:

Expectations were for 219,000 claims and the report came in at 206,000.

Economic Data Next Week:

There are no major economic reports on Monday. On Tuesday we have the PCE and Core PCE report, Consumer Confidence, Pending Home Sales and the CaseShiller Report. Also on Tuesday is the start of the two-day FOMC meeting (the Fed). On Wednesday we have the weekly Mortgage Market Index, ADP Employment, Chicago PMI and the Fed decision. On Thursday we have the ISM Manufacturing PMI and weekly Jobless claims reports. On Friday we have the monthly Employment report along with Consumer Inflation Expectations (1y and 5y) and Consumer Sentiment reports.

JB Mortgage Capital, Inc.:

We offer industry low mortgage rates for both refinance and purchase transactions, personal one-on-one service and we have an A+ rating with the Better Business Bureau (BBB). We also have a 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 mortgage professional.

When it comes to mortgage rates 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 obtain 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.

Loan Officer Kevin OConnor

Loan Officer Kevin O’Connor:

Kevin grew up in California and works with clients throughout the state. From the initial quote to the application to the final closing; Kevin works directly with each and every homeowner and encourages his clients to ask questions so that they’re better informed. He updates on daily basis and you can connect with him on social media: Twitter Rates01