Published on May 8, 2015
Terrace Capital, a full service real estate investment bank, launches an Early Rate Lock Program for its commercial mortgage platform. Mortgage rates are on the rise, as the ten year treasury yield rose approximately 33bps since a recent low of 1.85% on April 15th. Mortgage rates are increasing due to inflationary pressures resulting from improving economic indicators, such as the Institute for Supply Management services index which rose to 57.8 last month from 56.5 in March. Other influential forces include the price of oil, with gains to above $61/ barrel, adding fuel to the fire for a potential rate hike from the Federal Reserve.