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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, November 12, 2018, plus lock recommendations

Financial data affecting today’s mortgage rates

We are looking at a mixed bag of financial data — the most important being stocks, oil and Treasuries. Two of the three are coming up good for rates.

Major stock indexes  opened lower (good for rates) Gold prices fell $7 to  $1,204 an ounce. (That is 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  rose $2 to $61 a barrel (bad for rates because energy prices play a large role in creating inflation) The yield on ten-year Treasuries  fell 3 basis points (3/100th of 1 percent) to 3.19 percent.

Mortgage rates today, November 6, 2018, plus lock recommendations

Financial data affecting today’s mortgage rates

While mainly overshadowed by the employment report, today’s financial data are all over the place — the most important — oil, stocks, and Treasuries, contradict themselves and their effects are pretty much a wash.

Major stock indexes  opened slightly higher (slightly bad for rates) Gold prices fell $2 to  $1,232 an ounce. (That is slightly 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  fell $1 to $63 a barrel (good news for rates because energy prices play a large role in creating inflation) The yield on ten-year Treasuries  increased 1 basis point (1/100th of 1 percent) to 3.21 percent. That’s bad for borrowers because mortgage rates tend to follow Treasuries