Review Mortgage Lenders

Mortgage Plus

Mortgage Purchase Plus Improvements

RE/MAX Sales Representative Dan Gemus and Mortgage Broker Deenie Stuebing discuss the option of mortgage plus improvements in Ontario. If you&#39 ...

Mortgage rates today, May 17 2018, plus lock recommendations

Financial data affecting today’s mortgage rates

Today’s data mostly point to rising rates.

Major stock indexes  opened mixed and flat (neutral for mortgage rates) Gold prices  rose $2 an ounce to $1,290 an ounce. (That is a slight improvement for mortgage rates, but gold has fallen by nearly $50 in the last week. In general, it’s better for rates when gold rises, and worse when gold falls. Gold tends to rise when investors worry about the economy. And worried investors tend to push rates lower) Oil prices remained at $71 a barrel (neutral for mortgage rates today; they did not increase or decrease. However, higher energy prices play a large role in creating inflation, and oil was under $50 a barrel just seven months ago) The yield on ten-year Treasuries  rose for the fourth straight day, this time by 2 basis points (6/100th of 1 percent) to 3.11 percent. This is over .

Mortgage rates today, May 16 2018, plus lock recommendations

Financial data affecting today’s mortgage rates

Today’s data mostly point to rising rates.

Major stock indexes  opened mixed and flat (neutral for mortgage rates) Gold prices  fell hard, again, this time a huge $31 to $1,288 an ounce. (That is very bad for mortgage rates. In general, it’s better for rates when gold rises, and worse when gold falls. Gold tends to rise when investors worry about the economy. And worried investors tend to push rates lower) Oil prices remained at $71 a barrel (neutral for mortgage rates today; they did not increase or decrease. However, higher energy prices play a large role in creating inflation, and oil was under $50 a barrel just seven months ago) The yield on ten-year Treasuries  rose for the third straight day, this time by 4 basis points (6/100th of 1 percent) to 3.09 percent. This is 1 percent in just two days and the highest since 2011. Very bad for mortgage