Current Mortgage Rates are Flat to Start the Week

We’ve got a very busy week ahead in the markets with a Fed meeting and a monthly jobs report on tap. So far, though, mortgage rates are holding steady.

It does seem as though they are poised to continue moving higher in the near-term so borrowers will likely get the better deal by taking action soon. Read on for more details.

Where are mortgage rates going?     

Rates continue to hold at high levels on the year

April has just about come and gone and mortgage rates are still holding at high levels on the year.

It was a whirlwind of a month, especially the latter half, as we dealt with a turbulent bond market.

Early last week, the yield on the 10-year Treasury note, which is the best market indicator of where mortgage rates are going, jumped up over 3.0% to its highest position since late 2013.

Mortgage rates typically move in the same direction as the 10-year yield so it was no surprise that mortgage rates had a notable spike last week with the average rate on the 30-year fixed rate mortgage moving eleven basis points higher up to 4.58%, according to the Freddie Mac Primary Mortgage Market Survey.

The 10-year yield, however, wasn’t able to persist over 3.0% for very long and currently sits down a couple basis points on the day at 2.95%. We did get the Federal Reserve’s favorite inflation reading out today, revealing that inflation is just below the Fed’s target of 2.0% at 1.9%.

All eyes will turn to the Eccles Building on Wednesday afternoon.

That segues us nicely into the first notable event of the week: the Federal Open Market Committee meeting on Tuesday and Wednesday.

This week’s meeting is less about the official decision on interest rates (it’s a virtual lock that they will keep the federal funds rate unchanged at 1.50%-1.75%) and more about any wording changes to their written statement.

Financial market participants will no doubt get out their finest toothed combs as they go through the written announcement on Wednesday afternoon with the hope of finding at least one clue about the future of monetary policy.

After that meeting is over investors will turn their eye toward the Employment Situation (a.k.a. the monthly jobs report) for April, which will get released early Friday morning. Analysts are calling for 190,000 jobs added in April.

That’s in the standard, strong enough to keep investors happy, range. That would also be a big step up from the extremely disappointing 103,000 that was posted in the March report.

Investors will also be looking closely at average hourly earnings. The consensus is for a 0.2% rise. Anything at or above that level would satisfy investors and put some upward pressure on mortgage rates.

There is clearly a lot happening this week. That means that there are plenty of chances for mortgage rates to bounce around and adjust as the news comes in.

Right now, it still seems as though mortgage rates are much more likely to move higher than they are to retreat back down.

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Rate/Float Recommendation 

Lock now before rates jump again

With mortgage rates at high levels on the year and poised for more upward movement, it definitely makes sense for most borrowers looking to buy a home or refinance their current mortgage to lock in a rate sooner rather than later.

The longer you wait, the more likely it is that rates will be higher when you finally decide to take action.

Learn what you can do to get the best interest rate possible.  

Today’s economic data: 

Personal Income and Outlays 

Personal income ticked up 0.3% from the prior month in March. Consumer spending ticked up 0.4%.

The PCE Price Index was unchanged month over month, putting the year over year change at 2.0%.

Core PCE also ticked up 0.2% month over month, putting it at 1.9% year over year.

Chicago PMI 

Chicago PMI hit 57.6 for April. That’s just about in line with the 57.8 that analysts had expected.

Pending Home Sales Index 

The pending home sales index increased by 0.4% month over month putting it at 107.6.

Dallas Fed Mfg Survey 

The production index jumped up from a 12.7 in the prior reading to a 25.3 for April. The general activity index stayed in a tighter range, moving from 21.4 to 21.8.

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Notable events this week:

Monday: 

• Personal Income and Outlays
• Chicago PMI
• Pending Home Sales Index
• Dallas Fed Mfg Survey

Tuesday:    

• FOMC Meeting Begins
• PMI Manufacturing Index
• ISM Mfg Index
• Construction Spending

Wednesday:      

• ADP Employment Report
• EIA Petroleum Status Report
• FOMC Meeting Ends

Thursday:   

• International Trade
• Jobless Claims
• Productivity and Costs
• PMI Services Index
• Factory Orders
• ISM Non-Mfg Index

Friday:       

• Employment Situation
• Fedspeak

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*Terms and conditions apply.

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Optimal Places to Place a Bathroom

Content originally published and Shared from http://perfectbath.com

The battle for the bathroom is a common occurrence across homes throughout the world. Even people primarily living alone may run into this issue when hosting guests. When the issue about adding another bathroom to the house comes up, space and cost are usually the biggest concerns; but to the surprise of many, space isn’t as big of an issue as originally perceived.

A 3 by 5-foot area is usually all that is required to fit a toilet and sink. If you have a couple more feet to spare, a 5 by 5 can accommodate a small walk-in shower as well. Some common advantages of an additional bathroom can be convenience, adding value to your home, and the additional privacy of not having guests in your private bath.

Let’s look at where you can add a bathroom in the home – and where they are needed most.

Close to Living and Recreational Spaces

In a lot of homes, the placement of the bathroom is usually located closer to the bedrooms or in a central location between both living and sleeping spaces. The idea of having a bathroom close to the den or living room can be very attractive. And for the ultimate man cave, a toilet close by is an absolute necessity. It’s not uncommon to find a coat closet, staircase or hallway in or adjacent to a living space, as they can be the perfect spaces to install a half bath.

When hosting guests, it can be cumbersome to explain directions to the bathroom multiple times, especially if your home is larger or of unique design. Wouldn’t it be easier to just leave the door to your new bathroom open when unoccupied, so everyone can plainly see and take note when the urge to go arises?

Between Two Bedrooms

A convenient and efficient additional bathroom can be used to link two bedrooms together. This arrangement is commonly called a Jack and Jill style bathroom. This can be great for homes with children. Some well-designed Jack and Jill setups allow the use of private areas like the shower and toilet separate from the sink, counter and vanity area.

This style can be an efficient use of your space. Some standard bathrooms can even be converted in some home layouts. You can also save cash by incorporating this design compared to two separate bathrooms: why build and plumb another bathroom when you can frame in a door for less?

Split Your Pre-Existing Bathroom

This may seem like strange advice, but spend some time thinking about the size of your bathroom. Many homeowners possess bathrooms that can be much larger than necessary. Most of the plumbing has already been ran, allowing you to tap into water and drain pipes without making long and costly runs of pipe; this can be one of the major advantages of splitting your already existing bathroom. Though it sounds silly at first, making use of an over-sized bathroom by splitting it can give you the extra bathroom you need at a lower cost.

An additional bathroom is probably one of the most wished-for additions in smaller and older homes. Even in small homes, where it may seem unlikely to have the space, room can be found to make this addition. These optimal places for a new bathroom can potentially save time, frustration and money, depending on your exact configuration.

 

Contributed by: Perfectbath.com experts in bathroom design and bathroom fixtures.

The post Optimal Places to Place a Bathroom appeared first on Perfect Bath Canada.

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Current Mortgage Rates Hold at High Levels

Mortgage rates moved higher this week. They are holding fairly steady at those levels as we finish out the week.

It seems as though they are more likely to move higher than lower over the coming weeks so anyone looking to buy a home or refinance their current mortgage is probably going to be better off locking in a rate soon. Read on for more details.

Where are mortgage rates going?   

Rates stay at high levels to finish the week

Mortgage rates moved higher this week as the yield on the 10-year Treasury note jumped above the significant psychological threshold of 3.0%.

Here are the numbers from this week’s Freddie Mac Primary Mortgage Market Survey:

• The average rate on a 30-year fixed rate mortgage jumped up eleven basis points to 4.58% (0.5 points)
• The average rate on a 15-year fixed rate mortgage went up eight basis points to 4.02% (0.4 points)
• The average rate on a 5-year adjustable rate mortgage moved up seven basis points to 3.74% (0.07 points)

Here is what the Freddie Mac Economic and Housing Research Group had to say about mortgage rates this week:

“Mortgage rates increased for the third consecutive week, climbing 11 basis points to 4.58 percent. Rates are now at their highest level since the week of August 22, 2013. Higher Treasury yields, driven by rising commodity prices, more Treasury issuances and the steady stream of solid economic news, are behind the uptick in rates over the past week.

Despite the increase in borrowing costs, demand for home purchase credit remains solid. The Mortgage Bankers Association reported in their latest mortgage applications survey that activity was up 11 percent from a year ago.”

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Rate/Float Recommendation 

Lock now before rates get higher 

Right now, it’s looking like mortgage rates are going to hold at present levels or move higher. That means it’s likely in your best interest to lock on a rate sooner rather than later. The longer you want, the greater the chance that rates will be higher when you finally take action.

Learn what you can do to get the best interest rate possible.  

Today’s economic data: 

GDP

The first estimate for first-quarter GDP came in at 2.3%. That’s above the mark of 2.0% that analysts had predicted.

Employment Cost Index

The ECI rose 0.8% quarter of quarter. putting it at 2.7% year over year.

Consumer Sentiment

Consumer sentiment came in at 98.8 in April.

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Notable events this week:

Monday: 

• Chicago Fed National Activity Index
• PMI Composite Flash
• Existing Home Sales

Tuesday:    

• S&P Corelogic Case-Shiller HPI
• FHFA House Price Index
• New Home Sales
• Consumer Confidence
• Richmond Fed Manufacturing Index

Wednesday:      

• EIA Petroleum Status

Thursday:        

• Durable Goods Orders
• International Trade in Goods
• Jobless Claims

Friday:       

• GDP
• Employment Cost Index
• Consumer Sentiment

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*Terms and conditions apply.

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TSN Totally Trolls The Leafs After Game 7 Loss To Bruins (VIDEO)

The Leafs stormed back from 2 games down to force a Game 7. They even had a 4-3 lead going into the 3rd period, until they well ya know….CHOKED! And the trolls came out in droves and TSN joined the beatdown… The Boston #Bruins are moving on after defeating the Toronto #MapleLeafs 7-4 in Game [...]

The post TSN Totally Trolls The Leafs After Game 7 Loss To Bruins (VIDEO) appeared first on Boston Sports Then & Now.

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Current Mortgage Rates Jump to Highest Levels in Four Years

Mortgage rates are up again for the third straight week. With bond yields rising this week it was really no surprise that mortgage rates would move higher as well.

If you’re considering buying a home or refinancing your current mortgage, we recommend that you take action soon in order to try and lock in the best rate possible. Read on for more details.

Where are mortgage rates going?

Rates spike to highest since 2013

If you’ve been paying attention to what’s been going on in the market this week you know that the yield on the 10-year Treasury note moved up over 3.0% for the first time since 2011.

That mark is a key psychological threshold for investors, so it was a well-watched event that had investors near and far buzzing. Depending on who you listen to the rise was either a huge deal or a non-event.

Whether or not the crossover is truly significant in the long-run didn’t negate the fact that the vast majority of financial market participants were carefully monitoring the situation and making moves based off of what happened.

Mortgage rates tend to move in the same direction as the 10-year yield and so it’s really no surprise that we saw them move higher this week.

Here are the numbers from this week’s Freddie Mac Primary Mortgage Market Survey:

• The average rate on a 30-year fixed rate mortgage jumped up eleven basis points to 4.58% (0.5 points)
• The average rate on a 15-year fixed rate mortgage went up eight basis points to 4.02% (0.4 points)
• The average rate on a 5-year adjustable rate mortgage moved up seven basis points to 3.74% (0.07 points)

Here is what the Freddie Mac Economic and Housing Research Group had to say about mortgage rates this week:

“Mortgage rates increased for the third consecutive week, climbing 11 basis points to 4.58 percent. Rates are now at their highest level since the week of August 22, 2013. Higher Treasury yields, driven by rising commodity prices, more Treasury issuances and the steady stream of solid economic news, are behind the uptick in rates over the past week.

Despite the increase in borrowing costs, demand for home purchase credit remains solid. The Mortgage Bankers Association reported in their latest mortgage applications survey that activity was up 11 percent from a year ago.”

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Rate/Float Recommendation

Lock now before rates get higher 

Mortgage rates have resumed a steady climb and have now risen for the third consecutive week.

Given that it seems as though they will continue to rise over the coming weeks and months, it makes sense for borrowers to lock in a rate sooner rather than later.

The longer you wait, the more likely it is that rates will be higher when you finally choose to lock.

It only takes a few minutes with our online form or a quick phone call to one of our mortgage experts to get started on the path toward ideal home financing.

Learn what you can do to get the best interest rate possible.  

Today’s economic data: 

Durable Goods Orders Are Mixed 

Durable goods orders came in way above expectations in March with the monthly change for new orders up 2.6% compared to the 1.7% rise that analysts had expected.

That puts new orders up 9.5% year over year. Ex-transportation was unchanged in March, putting the year over year change at 6.7%.

Core capital goods actually fell 0.1% in March, putting the year over year change at 7.0%. This is the third time in four months that core capital goods have declined.

The big influencer this month (surprise, surprise) came out of the aircraft industry, as civilian aircraft orders put up a monthly gain of 44.5%.

International Trade in Goods 

In a change of pace, the nation’s trade deficit narrowed in March, coming in at $68.0 billion compared to the $74.5 billion that analysts had predicted.

Jobless Claims 

Applications filed for U.S. unemployment benefits came in at 209,000 for the week of 4/21/18. That puts the four-week moving average at 229,250.

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Notable events this week:

Monday: 

• Chicago Fed National Activity Index
• PMI Composite Flash
• Existing Home Sales

Tuesday:    

• S&P Corelogic Case-Shiller HPI
• FHFA House Price Index
• New Home Sales
• Consumer Confidence
• Richmond Fed Manufacturing Index

Wednesday:      

• EIA Petroleum Status

Thursday:        

• Durable Goods Orders
• International Trade in Goods
• Jobless Claims

Friday:       

• GDP
• Employment Cost Index
• Consumer Sentiment

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*Terms and conditions apply.

from Total Mortgage Blog https://ift.tt/2r2EEWb

Current Mortgage Rates Rise After 10-Year Yield Hits 3.0%

The yield on the 10-year Treasury note popped above the key psychological threshold of 3.0% yesterday for the first time since 2014. That pushed mortgage rates up a little to levels that are continuing to be held today.

Rates seem poised to continue rising over the coming weeks and months so our recommendation is to lock now on a purchase or refinance. Read on for more details.

Where are mortgage rates going? 

Rates up after 10-year breaches 3.0%

The big news this week has been out of the bond market, with the yield on the 10-year Treasury note provocatively flirting with a key market threshold: 3.0%.

That mark was finally breached yesterday morning, signaling to investors worldwide that interest rates still have much room left to run.

Already we’ve gotten many financial market participants speculating that the Federal Reserve, which is scheduled to raise the nation’s benchmark interest rate two more times this year, will have to take a more aggressive approach.

Mortgage rates tend to follow in the footsteps of the 10-year yield, and are also largely influenced by Fed decisions, so right now we are dealing with the possibility of rates moving higher at a quicker than expected pace.

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Rate/Float Recommendation 

Lock now to avoid risk 

Mortgage rates are moving higher. If you want to avoid the risk of paying more on your monthly payment, your best bet is likely to lock in a rate on a home purchase or refinance sooner rather than later.

We’ve already seen mortgage rates rise considerably in 2018 and there now seems like there is still plenty of room left for them to run. You can get started on the path toward ideal home financing with our online form or a quick phone call to one of our mortgage experts.

Learn what you can do to get the best interest rate possible.  

Today’s economic data:

EIA Petroleum Status

For the week of 4/20/18:

• Crude oil: 2.2 M barrels
• Gasoline: 0.8 M barrels
• Distillates: -2.6 M barrels

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Notable events this week:

Monday: 

• Chicago Fed National Activity Index
• PMI Composite Flash
• Existing Home Sales

Tuesday:    

• S&P Corelogic Case-Shiller HPI
• FHFA House Price Index
• New Home Sales
• Consumer Confidence
• Richmond Fed Manufacturing Index

Wednesday:      

• EIA Petroleum Status

Thursday:        

• Durable Goods Orders
• International Trade in Goods
• Jobless Claims

Friday:       

• GDP
• Employment Cost Index
• Consumer Sentiment

[contentbox id=”3″]

*Terms and conditions apply.

from Total Mortgage Blog https://ift.tt/2FdSWbL

3 Ways to Improve Blood Circulation

Content originally published and Shared from http://perfectbath.com

Poor blood circulation can cause a number of other problems that you’ll surely hate dealing with. Varicose veins, numbness, exhaustion, and dizziness are only some of the common symptoms you’ll experience, unless you do something to improve your blood circulation. Try any of the following:

Photo by rawpixel.com on Unsplash

Soak in a whirlpool bathtub
The combination of warm water and massage jets in a whirlpool promote better blood circulation. They help your blood vessels dilate, or open up, allowing more oxygen and nutrients to flow to major organs. This is particularly beneficial to those who have arthritis. Improved circulation can encourage better movement and less pain and stiffness in your joints. Source: LiveStrong

Don’t forget your roots
Ginger, onions, and garlic are three items that you’ll definitely want to add to your grocery list – not only they stimulate and improve the health of the circulatory system – but also because they’re just good for you.  Fresh ginger root is anti-inflammatory, antimicrobial, improves digestion, and can soothe all forms of nausea.  Garlic and onions contain organosulfur compounds which help the body to fight off infection, eliminate toxins from the liver and blood, and can even keep biting insects away. Source: NaturalLivingIdeas

Stay active
Anything that aids in general fitness should boost your circulation. When you work out, try both:

• Cardiovascular training. Swimming, biking, running, playing sports, etc. Aerobic activity will improve heart and blood vessel function.
• Strength training. Strength training (lifting weights) will help you build muscle, which in turn increases the effectiveness of cardiovascular and lymph circulation.
• Every hour, get up and try 3 to 5 minutes’ worth of stretching or small exercise. This is especially handy if you’re at a desk all day and barely get a chance to walk around. Try doing little arm circles, touching your hands to your toes, kicking out your feet, or performing small, slowjumping jacks (enough to get your heart rate up). Source: WikiHow

Get yourself a whirlpool bath tub that isn’t only relaxing, but also very good for your health! Find out more about the best options in the market when you call us today.

 

Contact:
Perfect Bath
Phone: Toll Free 1-866-843-1641
Calgary, Alberta
Email: info@perfectbath.com

The post 3 Ways to Improve Blood Circulation appeared first on Perfect Bath Canada.

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Winston at South Oak – Plans, Availability, Prices

At a Glance

• located at the corner of Oak Street & 67th Avenue
• 8-storey, mixed-use building
• 4 townhomes & 46 condos
• 3,172 sq ft of retail space
• 4,700 sq ft of office space
• public plaza
• sheltered bus stop in front on Oak Street
• walking distance to Oak Park

Bold, Modern Living
Winston is a refined collection of 46 condominiums and four townhomes coming soon to the community of South Oak. Rising eight storeys above the corner of 67th Avenue and Oak Street, Winston ushers in a new era for convenience. With sophisticated one-, two-, and three-bedroom homes that range in size from 473 to 1,477 sq.ft., Winston sets a precedent for bold, modern living in South Oak.

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Live amid a diverse selection of essential amenities, David Lord Elementary and Sir Winston Churchill Secondary schools, and Oak Park with its grass playing fields, tennis courts, baseball diamond, and walking trails. Choose from a wide variety of shopping, dining, and entertainment options close at hand at Oakridge, Marine Gateway, Marpole Village, or Richmond. To get away from it all, Highway 99 will take you south to the US border, while nearby YVR airport brings the world to your doorstep.

Pricing for Winston
This project is in pre-construction. Sign up to our VIP list above for priority mailings on Winston updates.

Floor Plans for Winston
The residential portion of the building is divided into the following units:

• 23 x 1-bedrooms
• 20 x 2-bedrooms
• 3 x 3-bedrooms
• 4 x 3-bedroom townhomes from 1,336 – 1,477 sq ft

Contact me today to discuss availability and plans if you have a serious interest in Winston.

Amenities at Winston
Level 2 offers 1,606 sq ft of indoor amenity space, including a multi-function room with kitchenette, gym, washroom, and equipment storage. A 2,083 sq ft adjacent roof deck above the townhouses has a children’s play area, edible landscaping, and a sitting area. On the roof, a shared, landscaped terrace offers lounge seating with a fire pit, an outdoor kitchen with barbecue and dining area, and community garden planters. On the ground floor there is space for up to four retail units. On the second floor, up to five offices can be accommodated.

Parking and Storage
Three levels of underground will provide 104 vehicle parking spaces, consisting of 72 residential, 26 commercial, and six visitor, of which two are disability parking spaces. It will also offer 63 residential and four commercial Class A bicycle stalls. A Class B bicycle rack at ground level will provide space for six bicycles.

Maintenance Fees at Winston
TBA.

Developer Team for Winston
Coromandel Properties is a commercial and multi-residential property developer that works with clients and communities to create inspired environments. They combine the latest advances in technology, while being sensitive to the unique nature of each location and the responsible use of resources.

IBI Group, a globally-integrated architecture, planning, engineering, and technology firm, has been retained as architects for The Granville. From high-rises to industrial buildings, schools to state-of-the-art hospitals, transit stations to highways, airports to toll systems, bike lanes to parks, they have designed every aspect of a truly integrated city for people to live, work, and play.

Portico Design Group has been selected to bring Winston’s interiors to life through creative use of space, colour, and texture with their vast in-house library. Portico provides full interior design services for residential and commercial real estate developers, resort operators, and private home owners in Canada and the United States.

Expected Completion for Winston
Spring 2020. Construction begins summer 2018.

Are you interested in learning more about other homes in the Cambie Corridor, Mount Pleasant, or South Vancouver?

Check out these great Cambie Corridor Presales!

The post Winston at South Oak – Plans, Availability, Prices appeared first on Mike Stewart.

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Meridian by Townline – Plans, Availability, Prices

At a Glance

• located at the corner of Cottonwood & Clarke in Burquitlam
• 32-storey mixed-use high-rise
• 194 market, 46 rental units
• 4 x 3-bedroom townhomes
• 14,000 sq ft of amenities
• near Burquitlam Station rapid transit
• close to Lougheed Town Centre shopping
• minutes from Simon Fraser University

Community from Street to Sky
Townline is pleased to introduce Meridian, a distinctive new high-rise development coming soon to vibrant Burquitlam. A distinctively curved architecture reflects the natural arc of the Evergreen Line at the prominent curve of Clarke Road, while elegant interiors draw residents across sophisticated shared spaces and into thoughtfully-planned residences. Each luxury detail is designed for improved livability, from Meridian’s 1-, 2-, and 3-bedroom condominium residences, to the contemporary 3-bedroom townhomes. An elevated amenity offering, spanning over 14,000 square feet, connects everyone through compelling spaces purposely-designed for leisure, fitness, guests, entertainment, and business.

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Connected to the city, yet surrounded by an abundance of greenspace, Meridian delivers a sophisticated new way to live in the heart of burgeoning Burquitlam. From your home in the heart of this vibrant urban centre, a number of parks, trails, and greenspaces are easily accessible – as is the city at large. A four-minute walk will take you to the Burquitlam SkyTrain Station, offering the convenient option to travel anywhere from Douglas College in Coquitlam to downtown Vancouver. It’s a quick jaunt to Burnaby Lake or Burnaby Mountain, multiple neighbourhood parks, or out to stunning Rocky Point Park – and an easy commute to almost anywhere in Metro Vancouver.

Pricing for Meridian
This transit-oriented development is in pre-construction. Sign up to our VIP list above for priority access to Meridian updates.

Floor Plans for Meridian
Choose from 3-bedroom townhomes or 1- to 3-bedroom condominiums. Contact me today to discuss availability and plans according to your needs.

Amenities at Meridian
In addition to commercial space, Meridian will offer 14,000 sq ft of amenities.

Parking and Storage
TBA.

Maintenance Fees at Meridian
TBA.

Developer Team for Meridian
Townline Group of Companies is a real estate development company focused primarily in the Lower Mainland and Vancouver Island in British Columbia, Canada. Since 1981, they have amassed a diverse project portfolio spanning market and non-market multi-family housing, rental apartments, single-family homes, heritage restoration, mixed, commercial, and retail developments. Through the firm’s various departments, they stay hands-on for the entire life of a project to ensure they create the kind of residential and commercial places people want as their own, such as 999 Seymour and 1335 Howe.

Chris Dikeakos Architects is a Burnaby-based architectural firm with a strong reputation for multi-unit and highrise residential design. Their work ranges from concept and design development to construction drawings and site services, site capacity studies, master planning, urban design, and rezoning. Projects include the tallest residential highrise in San Diego, the tallest pure residential highrise in Los Angeles, and Solo District and Station Square in Burnaby.

Expected Completion for Meridian
TBA. Sales start fall/winter 2018.

Are you interested in learning more about other homes in Coquitlam, Port Coquitlam, or Port Moody?

Check out these great Tri-Cities Presales!

The post Meridian by Townline – Plans, Availability, Prices appeared first on Mike Stewart.

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Dwell24 – Prices, Availability, Plans

At a Glance

• located at Falcon Drive & Runnel Drive, Coquitlam
• 24 x 3-storey woodframe townhomes
• spacious 3- & 4-bedroom floorplans
• generous dining & living areas
• within 800m of Inlet Centre Station rapid transit
• near NewPort Village & Suter Brook Village shops & services
• short distance from Coquitlam Centre Mall
• close to Port Moody’s Brewers Row

Well Placed, Well Designed
Dwell24 sets the new standard for urban family living in the Tri-Cities. It’s a refined collection of 24 spacious, three-storey townhomes at the crossroads between Port Moody and Coquitlam. The first impression of the interiors suggests a great expanse of naturally-lit space. Generous dining and living areas flow into a contemporary kitchen—a modern-day great room. The sleek space is comprised of an over-sized island, European-inspired flat-panel cabinetry, lots of storage, and state-of-the-art Italian appliances.

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Dwell24 has an unbeatable location in a thriving neighbourhood. Nearby NewPort Village and Suter Brook Village offer cafes, restaurants, and shops. Alternatively, take the Evergreen Line from Inlet Centre Station to many more options at Coquitlam Centre. In the opposite direction, the sprawling park, outdoor pool, and waterfront paths at Rocky Point, plus Port Moody’s popular craft breweries, are just one stop away. This is good living.

Pricing for Dwell24
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Floor Plans for Dwell24
Dwell 24 offers a range of floor plans from 1,323 – 1,638 sq ft, including three bedrooms, three bedrooms + den, and four bedrooms. Contact me today to discuss availability and plans according to your needs.

Dwell24 Interiors

• 9′ – 12′ ceilings
• engineered hardwood flooring
• family rooms on a separate level
• generous closet space

• large kitchen islands with lots of storage
• quartz counter tops
• 5-burner gas range
• stainless steel Italian appliances:
  • Fulgar Milano convection oven
  • twin 24″ stainless steel Blomberg refrigerators

• 3 full baths in most homes
• spacious en suite showers
• double vanity sinks in en suite

Amenities at Dwell24
A 1,694 sq ft outdoor green space is available for shared resident use with plenty of room for children to play.

Parking and Storage
In addition to street parking, Dwell24 will offer 34 vehicle parking spaces in private garages, of which five will be for visitors. Six short-term bicycle stalls are provided for visitors.

Maintenance Fees at Dwell24
$0.17 per sq ft.

Developer Team for Dwell24
Epix Developments is dedicated to the development of quality-built residential townhouse and condominium communities throughout Vancouver and the Lower Mainland. All their developments are created with livability in mind, being located in close proximity to the retail and commercial amenities that today’s families demand. With an Epix home, you can count on meticulous attention to detail, superior materials, and solid European craftsmanship.

Studio One Architecture is a Canadian architectural firm founded in 1991 in Vancouver. Known for its hands-on and honest approach to complex design assignments, the firm has completed a wide variety of projects, ranging from urban studies to interior design projects. Every project is a unique opportunity to engage in the process of creation, to apply their values, to involve their clients, and to strive for optimum result. Their commitment to principles of good design is complemented by experienced senior personnel and supported by an enthusiastic, dedicated team.

Expected Completion for Dwell24
Fall 2018.

Are you interested in learning more about other homes in Coquitlam, Port Coquitlam, or Port Moody?

Check out these great Tri-Cities Presales!

The post Dwell24 – Prices, Availability, Plans appeared first on Mike Stewart.

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Current Mortgage Rates Inch Higher as 10-Year Treasury Yield Approaches 3.0%

The 10-year Treasury note, which is the best market indicator of where mortgage rates are going, is approaching 3.0% and investors are closely monitoring the situation.

We could see mortgage rates move higher if this event unfolds today so it’s important to stay informed on what’s happening. Read on for more details.

Where are mortgage rates going?

Rates still holding higher

Financial market participants are continuing to keep their eye on the 10-year Treasury note yield as it sits just below the key psychological threshold of 3.0%, at 2.99%.

At this point, it seems like only a matter of time before it nudges up one more basis point (although yesterday it did manage to endlessly linger close where it is now).

While there has certainly been quite a fuss made over this event, there is still a debate over what it will actually mean as we move forward through 2018.

The dichotomy is on clear display when you compare article headlines such as “The 10-year Treasury yield is inches away from 3%, a level that could cause shock waves in the financial markets” and “3% on the US Treasury yield is ‘just noise’ and does not matter, economist says.”

To sum up the situation: some investors fear that hitting 3.0%–something that hasn’t happened since 2014–means that higher rates are here to stay.

That turns into less spending money for companies and individuals, potentially causing a downturn for the U.S. economy.

The other side of the coin is that 3.0% is just a number and it’s not that much different from 2.98, 2.8, etc., and as such, shouldn’t cause any serious repercussions to the market.

Of course, no one knows for certain what will happen if and when the 10-year yield does hit 3.00%.

Often times, however, one finds that the truth of the matter is somewhere in between the two extremes.

Yes, we might see rates spike higher once the threshold is crossed as excited investors run around and rile each other up–but it’s just as likely, in my opinion, that the initial excitement fades quicker than expected and Treasury yields stabilize into a new status quo.

It’s important for anyone looking to buy a home or refinance their current mortgage to follow along with the market as these events unfold because the yield on the 10-year Treasury note is the main market indicator of where mortgage rates are going.

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Rate/Float Recommendation

Lock now to avoid risk

It currently seems that mortgage rates are going to continue to head higher in the coming days and weeks.

If you’re looking to purchase a new home or refinance your mortgage, the prudent decision is likely for you to lock in a rate sooner rather than later.

Learn what you can do to get the best interest rate possible.  

Today’s economic data:

S&P Corelogic Case-Shiller HPI

The 20-city seasonally adjusted index rose 0.8% month over month in February. That’s one tenth above what analysts had expected.

The 20-city non-seasonally adjusted index ticked up 0.7% month over month, putting it at 6.9% year over year.

FHFA House Price Index

The FHFA house price index moved up 0.6% in February from the prior month, putting it at 7.2% year over year.

New Home Sales

New home sales for March came in at an annualized rate of 694,000.

Consumer Confidence

Consumer confidence is expected to come in between 123.1 and 129.0.

Richmond Fed Manufacturing Index

The consensus is for the index to hit between a 14 and 20.

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Notable events this week:

Monday: 

• Chicago Fed National Activity Index
• PMI Composite Flash
• Existing Home Sales

Tuesday:    

• S&P Corelogic Case-Shiller HPI
• FHFA House Price Index
• New Home Sales
• Consumer Confidence
• Richmond Fed Manufacturing Index

Wednesday:      

• EIA Petroleum Status

Thursday:        

• Durable Goods Orders
• International Trade in Goods
• Jobless Claims

Friday:       

• GDP
• Employment Cost Index
• Consumer Sentiment

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*Terms and conditions apply.

from Total Mortgage Blog https://ift.tt/2qWVJB0

Current Mortgage Rates Hold at Year Highs

Mortgage rates are staying relatively flat as we start the week. We did, of course, get a significant push higher last week after investors caught wind of hawkish comments from several Federal Reserve officials.

With Treasury yields lingering at a potential tipping point, investors are on the edge of their seats right now as they wait and see how the situation unfolds. Read on for more details.

Where are mortgage rates going?                                       

Rates hold near 2018 highs

Mortgage rates moved up to 2018 highs last week. Today, they are holding at those levels.

The focus for financial market participants is on the bond market, with the yield on the 10-year Treasury note (the best market indicator of where mortgage rates are going) approaching the crucial psychological threshold of 3.00%.

Right now, the yield is at 2.98%. That’s up nearly fifteen basis points from where it was this time last week. The big push higher took place last week after multiple Federal Reserve officials came out with hawkish statements on rate hikes and the U.S. economy.

These statements caught investors somewhat off guard and caused a snap in what was a several week long streak of Treasury yields and mortgage rates staying in a tight range.

Here are the numbers from the most recent Freddie Mac Primary Mortgage Market Survey on Thursday:

• The average rate on a 30-year fixed rate mortgage moved up five basis points to 4.47% (0.5 points)
• The average rate on a 15-year fixed rate mortgage ticked up seven basis points to 3.94% (0.4 points)
• The average rate on a 5/1-year adjustable rate mortgage rose six basis points to 3.67% (0.3 points)

From the looks of the economic calendar this week, there are a handful of reports out that could impact the direction of mortgage rates.

Most notably, we have the first estimate for first quarter GDP out early Friday morning. The consensus from market analysts is for GDP to have grown 2.0% from the previous quarter. That’s down from the previous quarter’s 2.9% rise but would still be a comfortable reading for investors.

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Rate/Float Recommendation                              

Lock now before rates move higher 

Mortgage rates have jumped up once again and the spike might not be over just yet. With the yield on the 10-year Treasury note sitting just under 3.0%, investors are waiting to see what happens.

If that yield does cross over above 3.0%, that would almost certainly trigger another bond sell-off, causing the yield to jump further still. Mortgage rates typically move in the same direction as the 10-year yield and, as such, are also on the verge of surging higher.

If you want to avoid the risk of locking in after this happens, you should lock in your rate now. Despite what happens in the near-term, mortgage rates are still expected to move higher in the long run so locking in a rate sooner rather than later remains the smart decision for most borrowers.

Learn what you can do to get the best interest rate possible.  

Today’s economic data:                                        

Chicago Fed National Activity Index 

The index came in lower than expected in March at 0.10. That puts the three month moving average at 0.27.

PMI Composite Flash 

The composite flash hit 54.8 in April. Manufacturing hit 56.5. Services came in at 54.4. All in all, these readings were solid and basically came in right in line with what analysts had anticipated.

Existing Home Sales 

Existing home sales came in at an annualized rate of 5.600 million for March. That’s an improvement from the prior month’s reading and above the 5.513 million that analysts had expected.

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Notable events this week:                

Monday: 

• Chicago Fed National Activity Index
• PMI Composite Flash
• Existing Home Sales

Tuesday:    

• S&P Corelogic Case-Shiller HPI
• FHFA House Price Index
• New Home Sales
• Consumer Confidence
• Richmond Fed Manufacturing Index

Wednesday:      

• EIA Petroleum Status

Thursday:        

• Durable Goods Orders
• International Trade in Goods
• Jobless Claims

Friday:       

• GDP
• Employment Cost Index
• Consumer Sentiment

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*Terms and conditions apply.

from Total Mortgage Blog https://ift.tt/2qQMsLy