My City Financial

05/06/2026

The bond market rallied today due to optimism regarding a U.S.-Iran peace deal. The 10-year yield, a benchmark for mortgage rates, currently sits at 4.347%.

Generally, falling yields and rising bond prices reflect increased demand for safe investments, signaling caution in the markets.

Current Rates*:
30 year - 5.875%
15 year - 5.25%

For a specific rate quote or scenario, call or email:

Joe Mathai
Senior Loan Officer
Notary Public
562-805-3027
[email protected]

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www.mycityfinancial.com
NMLS # 307431

Rates are guaranteed when interest rates are locked!
* Individual loan parameters differ: call for apr

My City Financial home loans since 1994

11/05/2024

Election day and the financial markets...

ING Analyst, Francisco Pesole, says “Despite some unwinding of Trump trades, asset markets are still broadly pricing in a Trump win. As things stand now, we expect the dollar to sell off if Harris wins, while the impact of a Trump win may depend more on the Congress composition".

Nevertheless, based on the recent financial numbers on jobs, consumer debt, and inflation, we are most likely going to see a quarter-point rate cut on interest rates soon 👍👍👍

10 year treasury yields as of this morning is 4.314%.

05/10/2023

Mortgage and Interest Rates Update:

This morning, the Federal Housing Finance Agency (FHFA) announced that it would rescind their controversial loan-level price adjustments (LLPA) for Conventional borrowers with debt-to-income (DTI) levels at or above 40%. This is the best news ever for our financing community.

The 10 year yield today is 3.43%. A year ago it was 3.05%
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Mortgage Questions? Call us for a tailored interest rate quote.
866-219-7773

New 2023 Loan Limits:
Conforming - $726,200
High-Balance (Conforming) loan - $1,089,300

Established 1994
BBB rating A+
Credit Check and Notary Services Available

09/21/2022

Market Update:

Today, the US Federal Reserve is expected to raise interest rates.

This is significant because US inflation measured is at an all time high which is a big concern to the Fed committee. Pricing in every sector is now becoming too expensive. More importantly, the world is taking notice as many countries are now raising their interest rates to curb down inflation and hopefully thwart a recession.

The 10 year yield today is 3.57%. A year ago it was 1.31%

Purchase or Refinance - Call or Log on for a rate quote!
Guaranteed the best Rate with fast Closings!
www.mycityfinancial.com
866-219-7773

New 2022 Loan Limits:
Conforming - $647,200
High-Balance (Conforming) loan - $970,800

Established 1994
BBB rating A+
Notary Public

My City Financial home loans since 1994

05/04/2022

Today, the Federal Reserve raised short term interest rates by a half-percentage point. It was 22 years ago that the Fed’s raised interest rates so aggressively.

In their meeting, Fed Chairman Powell reiterated that it is important to get a handle on the worst inflation America has seen in 40 years. Additionally he said, “The implications for the US economy are highly uncertain,” and “The invasion and related events are creating additional upward pressure on inflation and are likely to weigh on economic activity”.

Interestingly, the Fed will be rolling off its massive balance sheet starting June to August which is expected to be $30 billion worth of Treasury securities and $17.5 billion worth of mortgage-backed securities before adjusting $60 billion and $35 billion in September respectively.

The 10 year yield today is 2.92%. A year ago it was 1.67% contributing to the lowest interest rates in US mortgage history.

Purchase or Refinance - Call or Log on for a rate quote!
Guaranteed the best Rate with fast Closings!
www.mycityfinancial.com
866-219-7773

New 2022 Loan Limits:
Conforming - $647,200
High-Balance (Conforming) loan - $970,800

Established 1994
BBB rating A+
Notary Public

My City Financial home loans since 1994