Today’s Mortgage Rates:
Mortgage rates for May 28, 2019 are starting off the last week of May 2019 at improved levels. Mortgage rates are near 2019 lows as concerns over the trade war between the United States and China, European economic problems and a possible slowing in the US economy all remain. The Treasury market continues to lead the way in terms of the bond market rally while the Mortgage Backed Securities market struggles making any significant gains.
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 101.47 and the FNMA 4.0 coupon started the day at 102.91. The 10y Treasury yield opened the day at 2.29%.
Late morning the 10y yield move down to the 2.28% level however the Mortgage Backed Securities were still limited improvements. Mortgage rates will not improve significantly until we see the Mortgage Backed Securities market make a bigger move.
Request A Low Rate Mortgage Quote
Economic Data This Week:
Today we have the CaseShiller Home Prices and the Consumer Confidence report for May. On Wednesday we have the Mortgage Market Index and on Thursday we have the weekly Jobless Claims report and the preliminary Q1 GDP report. On Friday we have the PCE and the Core PCE report along with the Chicago PMI report and Consumer Inflation Expectations.
Consumer Confidence Report:
Later today the Consumer Confidence report will be released. If there is a significant market reaction I will update today’s post with the latest information.
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 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 koloans.com on daily basis and you can connect with him on social media: Twitter Rates01