Kevin O'Connor's (rates01) Blog

With mortgage mortgage rates just above multi-year lows industry experts are anticipating 2020 to be a good year for refinancing. Whether it's to lower an interest rate, obtain cash out to improve the home or payoff debts to possibly obtaining a short term (moving from a 30 year fixed rate to a 1...

FHA (Federal Housing Administration) loan limits have been increased for 2020. This is great news for both homeowners looking to refinance their mortgage (lower rate, cash out, shorter term) or home buyers looking to purchase a new home. It's important to remember the following; when buying a hom...

Mortgage rates on Friday December 27th, 2019 were stable as the bond market finished the week in rally mode. The 10 year tresury yield moved below 1.90% and MBS Fannie Mae prices rallied before closing. There were no major economic reports today however there are few notable ones next. That being...

As I previously mentioned; this time of year things are slow in the mortgage industry...really slow. But that doesn't mean applications are at zero so for those that are looking to start a new application to purchase a home or refinance a mortgage we're here to help!What a differene a year makes....

2019 was a great year in the mortgage industry and for mortgage rates.During the month of October 2019 30 year fixed mortgage rates moved above 5.00%. Following that spike in mortgage rates they improved for the next 9 months. There were some months where mortgage rates moved higher during that t...

This morning's Durable Goods report (for November) was below expectations and sparked a rally in the Mortgage Backed Securities (MBS) market. Expectations were for a 1.5% increase The report showed a decline of -0.2% The biggest reason for the decline in Durable Goods can be attributed to Boeing....

A great question lately is this: Will mortgage rates change because of the impeachment of President Trump? This quick answer is probably not but the final say on that is still pending. As many of you know; mortgage rates can fluctuate based on economic reports, national or international events or...

It's that time of year again; formal announcement by the Federal Housing Finance Agency (FHFA) about the 2020 Conforming loan limits. As expected the FHFA raised the limit to $510, 400 (one unit properties) and in some counties as high as $765,600.This is a great news for homebuyers and homeowner...

Mortgage Rates Moved Higher Today:After several news outlets reported progress in the US-China trade talks bonds sold off and mortgage rates moved higher. A possible US-China trade deal has been one of three major risks to low bond yields and mortgage rates.Here are the three major risks bonds an...

Consumer Confidence:The Consumer Confidence report was released this morning. Expectations were for a reading of 125.0. However the actual reading came in at 135.7; significantly higher than expected. Last months reading was 121.5.Generally speaking; positive economic reports equal higher mortgag...