Gold prices inched up to $1,931 from $1,929 an ounce.( Bad for mortgage rates*.) Energy prices play a large role in creating inflation and also point to future economic activity Oil prices jumped to $109.03 from $108.48 a barrel.The opposite may happen when indexes are lower. ( Bad for mortgage rates.) When investors are buying shares they’re often selling bonds, which pushes prices of those down and increases yields and mortgage rates. Major stock indexes increased soon after opening.( Bad for mortgage rates.) More than any other market, mortgage rates normally tend to follow these particular Treasury bond yields The yield on 10-year Treasury notes rose to 1.89% from 1.79%.The data, compared with roughly the same time yesterday, were: Here’s a snapshot of the state of play this morning at about 9:50 a.m. >Related: 7 Tips to get the best refinance rate Market data affecting today’s mortgage rates But there’s a strong chance that we won’t see such steep falls again for a while.Īnd my personal rate lock recommendations remain: See our rate assumptions here.ĭoes yesterday’s sharp rise in mortgage rates mark the end of a fleetingly brief period of falls? It’s too soon to be certain. Click here for a personalized rate quote. Rates are provided by our partner network, and may not reflect the market.
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