Mortgage Rates Mortgage 2019:
Mortgage rates heading into to March 2019 are near their one year lows as mortgage companies through out the State of California (and nationwide) continue to aggressively price their fixed mortgage rate terms. The anticipation for March 2019 mortgage rates is that they'll remain near the levels we've seen in February (more on that below). With the government shutdown out of the way; Mortgage Backed Securities investors can focus more on the economic data that comes out (to determine the true health of the economy), the Fed and trade negotiations with China. Will the economic data push mortgage rates lower in March; or will the market get surprised with a strong rebound in the economy thus pushing mortgage rates significantly higher? We'll have to see what happens and we'll be sure to keep our readers informed.
Is Now A Good Time To Refinance:
The answer for many homeowners is yes. If you've been waiting for "lower rates" now is one of the best times to consider a refinance in the last 12 months. If you're refinancing to take cash out to renovate a home; or you're taking cash out to pay for educational or medical expenses you should take the time to get quotes from 2-3 well respected mortgage companies. Mortgage companies that have an "A" rating or higher with the Better Business Bureau. And if you have a 30 year fixed mortgage rate above 4.50% or a 15 year fixed mortgage rate above 3.875% then you also should take the time to obtain 2-3 mortgage quotes from well respected mortgage companies.
In Review - Mortgage Rates February 2019:
Mortgage rates started off under pressure as the Employment Report for January 2019 came in significantly stronger than expected. This propelled mortgage rates higher however by mid-February mortgage rates reversed course. February 2019 mortgage rates did a great job staying with in a range rather than moving significantly higher due to an incredibly strong Employment Report. If that report came out in September or October 2019; mortgage rates would have moved well above 5.00%. So overall the market is different than it was in the fall and mortgage companies are hoping the better mortgage rates continue into the spring.
February 2019 Mortgage Rate Averages:
The average 30 year fixed mortgage rate for February 2019 has been below 4.375%
The average 20 year fixed mortgage rate for February 2019 has been below 4.125%
The average 15 year fixed mortgage rate for February 2019 has been below 3.75%
*the mortgage rate averages are averages seen with JB Mortgage Capital, Inc.; these are not national averages.
Working With JB Mortgage Capital, Inc.:
JB Mortgage Capital, Inc. offers low mortgage rates, personal one-on-one service and fast closings. Loan Officer Kevin O'Connor has over 14 years of experience and updates koloans.com on a daily basis. One of the most popular areas of the website is our current mortgage rates section where he provides "today's mortgage rates", insight as to what is going on with mortgage rates and what is influencing those moves.
