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Loan Officer Kevin O'Connor JB Mortgage Capital, Inc Phone 1-800-550-5538 Fax 1-310-694-8188 CA BRE #01499872-NMLS #247447
The Best FHA Home Loan Guide. First Time Home Buyer Guide. First Time Home Buyers: Every home owner was a first time home buyer once and everyone remembers the experience of purchasing their first home.
In this article we'll cover the basics of what a first time home buyer should know, we'll include some money saving tips, how to get prepared and how to find the best team possible. Being a first time home buyer does not have to be a "scary" adventure and to avoid the pitfalls you should really take the time to inform yourself about the process. March 2019 Mortgage Rates by Rates01 on DeviantArt.
California Home Loans – Kevin O'Connor. Finding the best mortgage company to handle your next California home loan transaction could save you lots of time and thousands of dollars.
It all starts with three important steps: Be preparedWork with reputable mortgage companiesOnly work with a Loan Officer with at least five years of experience If you start from there you’ll give yourself the best opportunity to obtain a low interest rate at great terms. Also your transaction will go much smoother. First Time Home Buyer Update. First Time Home Buyer: First time home buyers are welcomed at JB Mortgage Capital, Inc.
We recently updated our first time home buyer page and wanted to share some highlights with those that might be interested in purchasing a home for the first time. If you have any questions or want to get pre-qualified please be sure to visit our website or call us directly at 1-800-550-5538. Finding A Great Team: Mortgage Refinance Tips - You Could Save Thousands of Dollars. It’s 2019 and mortgage rates are lower so you’re thinking of refinancing your current mortgage.
Or maybe you need to refinance because you need cash out to improve your home. Whatever the reason is you really should follow these mortgage refinance tips to help make sure you get the best interest rate possible at great terms. No one wants a high interest rate and our goal is to make sure you avoid that by following a few simple rules. Updated Mortgage Industry News and Information. It’s been a great two months for mortgage rates.
As we head into the spring we’ll be keeping an eye on how mortgage rates react to a possible resolution to the trade tensions with China and what the economic reports say about the economy in January and February. March 2019 Mortgage Rates. Updated Mortgage Industry News and Information. Mortgage Rates March 2019. The below economic reports have the potential to impact the mortgage rates during the month of march.
There are several sources from which we obtain information and one of the best is Mortgage News Daily. Please know the dates can change and if they do we’ll update our readers as soon as we know: As we move into March we’ll update the 2nd half of the March 2019 calendar. March 01: Core PCE, Retail Sales, Durable Goods and ISM Manufacturing PMI BLS Employment Report, ISM Manufacturing PMI and New Home Sales and Consumer Sentiment. March 04: ISM-New York Index, Factory Ex-TransportMarch 05: International Trade, and ISM Non-Manufacturing PMIMarch 06: Weekly Mortgage Index, Refinance Index and Purchase Index.March 07: Weekly Unemployment claims, ADP Employment ReportMarch 08: BLS Employment Report; keep an eye on the number of jobs created, average earnings and unemployment rate. Some reports have a bigger impact than others. BLS Employment ReportISM Manufacturing PMICore CPI. Current Mortgage Rates. Low Mortgage Rates In California. Caterpillar's stock selloff cutting 80 points off Dow's price.
Bloomberg - Are you a robot? MBS Day Ahead: Still Waiting on Some Data, But FOMC and Jobs Will Carry Weight. The mighty Employment Situation (the big jobs report that gives us nonfarm payrolls, unemployment rate, avg hourly earnings, etc) is the king of all economic data in terms of market movement potential.
It doesn't always make waves, but if we could only bet on one report making the biggest, most frequent waves on average for years and years into the future, this would be it. As such, it's a good thing that the report was never affected by the shutdown (the Labor Dept had its funding approved). If the jobs report is the star of the show, there are several key supporting actors that HAVE been affected by the shutdown--reports like Durable Goods, Retail Sales, GDP, New Home Sales, and Incomes/Outlays.
At the start of this week, we still don't know when we're going to see these reports (don't trust any economic calendar you see, because in many cases, they're automated based on an underlying data feed that is receiving default data with inaccurate rescheduled dates). MBS Pricing Snapshot. MBS Day Ahead: Still Waiting on Some Data, But FOMC and Jobs Will Carry Weight. Mortgage Rates For January 28, 2019. Mortgage Rates For January 23, 2019. Mortgage Rates For January 21, 2019. Current Mortgage Rates. Mortgage Rates For January 16, 2019.
Mortgage Rates At The Open: Mortgage rates will start the day under pressure as both the Mortgage Backed Securities market and Treasuries are selling off to start the day.
That being said; bonds are in their recent range to start the day which is a positive for mortgage rates. As mentioned yesterday, bonds and. Democrats move to prevent foreclosures, evictions on unpaid federal workers. US housing market will slow in 2019, says academic. MBS Day Ahead: Does Inflation Still Matter? Today's Consumer Price Index was one of the week's only "important" pieces of economic data.
Or perhaps we should say it was one of the week's only 'big-ticket' reports in the sense that it has been one of the bigger market movers among most of its peers in the long run. Does it still deserve its big-ticket status? It depends whom you ask, and perhaps WHEN you ask. Prepayment Rate Shrinks, Composition Shifts. The November Mortgage Monitor from Black Knight focused largely on the shifting of the mortgage market toward purchase originations and the unexpected expansion of the refinancing pool due to recent interest rate drops, but it also had an interesting analysis of the current mortgage prepayment rate (also known as single month mortality or SSM).
Mortgage prepayments typically slide along with refinancing, and right on schedule the SSM rate for fixed-rate mortgages hit a 10-year low in November, down 34 percent year-over-year. But this time there are some anomalies in the decline. First, it is concentrated in fixed-rate mortgages. Prepayments of older adjustable rate mortgages (ARMs), those in the 2004-2007 vintages, are up 3 percent on an annual basis, because short term interest rates are rising, driving up rates on those ARMs due for adjustment.
This has increased both refinancing pressure and housing turnover among affected homeowners. Low Mortgage Rates In California. The Great Debate: Everyone wants a low mortgage payment and everyone wants to pay off their mortgage as fast as they can however combining the two takes some figuring out. As we all we have to pick which is more important and decide from there the best course of action when refinancing or purchasing a home. This is the debate many homeowners have and deciding which is more important is something all homeowners have to do.
Mortgage Rates For January 10, 2019. At The Open: Mortgage rates 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%. Mortgage Rates For January 9, 2019. At The Open: Mortgage rates will start the day on the defensive as both the Mortgage Backed Securities and Treasuries open the day in negative territory. Generally speaking; mortgage terms will be a bit worse (loan costs/fees) to start the day. Yesterday Treasury yields pushed higher however Mortgage Backed Securities were a little reluctant and stayed relatively flat to slightly worse after the morning hours. At the open we’re seeing the 10y yield at 2.73% and FNMA 4.0 is at 101.82.
Trade Talks With China: Lots of rumors however not much news. Low Mortgage Rates In California. The Government Shutdown And Homeowners: According to Zillow government employees affected by the shutdown have a combined monthly mortgage bill of $249,000,000.00. GOLDMAN SACHS: These 11 stocks are going to get crushed. 'Big Short' investor Steve Eisman just joined those sounding the alarm on rising corporate debt. Low Mortgage Rates In California. Many Americans Think It’s Not A Good Time To Buy A Home: According to a recent survey conducted by Fannie Mae; the number of Americans dropped sharply in December (after an increase in November).
Several news outlets blamed “higher rates” but the fact is rates were lower in December (compared to November and October). And others blamed higher purchase prices as the cause when in fact home values in many areas has pulled back a bit compared to previous months. So what’s the cause? Possibly a combination of a slowing economy and the recent/sudden pull back in stocks. Mortgage Rates For January 7, 2019. Mortgage Rates For January 4, 2019. Mortgage Rates For January 3, 2019. Goldman Sachs says Apple will have to cut 2019 numbers. Low Mortgage Rates In California. Rally Mode: Happy New Year! Government Shutdown And Your Mortgage Application. Processing A 4506-T: The IRS is in charge of processing the 4506-T form and typically it takes 48-72 hours to receive the verification. At times it can take 7-10 days; all depends on how many requests they have to process and how busies they are. Fannie Mae. Mortgage lenders: 3 keys to thriving in 2019.
Sears may need to liquidate if no bid comes in by tomorrow. Sears, the 125-year-old icon, has 24 hours to survive. The employer of more than 68,000 filed for bankruptcy in October. Its last shot at survival is a $4.6 billion proposal put forward by its chairman, Eddie Lampert, to buy the company out of bankruptcy through his hedge fund, ESL Investments. ESL is the only party offering to buy Sears as a whole, people familiar with the situation tell CNBC. Without that bid or another like it, liquidators will break the company up into pieces. But as Lampert stares down a deadline of Dec. 28 to submit his offer, he is quickly running out of time. It is possible Lampert, Sears' largest investor, secures financing in time to meet the deadline, these people said.
Nonetheless, the quickly approaching cutoff puts Sears the closest to death it has ever been. JB Mortgage Capital, Inc. JB Mortgage Capital is an “Accredited” business with the Better Business Bureau that has an “A+” rating. We also have a “AAA” rating with the Business Consumer Alliance (BCA) and Kevin O’Connor has a “FIVE STAR” rating with Zillow and Mortgage101. Our company is fully licensed with the state of California and NMLS. 12 Things You Never Knew About Your Credit Report. At JB Mortgage Capital, Inc. we strive to provide important mortgage information to our clients.
Below is an article about credit scores and how they are affected. The reason I’m posting this article (By Julie E. How Long Does A Refinance Take? I hear the following question a lot “How long does a refinance take?” ; in fact I hear it almost on a weekly basis and it’s an excellent question every homeowner should ask. If you chose to work with us you’ll work 1-on-1 with me from beginning to end so the loan process is much more efficient than your traditional loan process. Conforming Loan Limits in California.
On November 27th, 2018 FHFA announced they were raising the conforming loan limits which is good news for homeowners and homebuyers in California. Mortgage Rates. Kevin O'Connor (@Rates01) Mortgage updates, news and information. JB Mortgage Capital, Inc. is a California mortgage company.