Seattle Mortgage Rates Today 3/16/12
Seattle Mortgage Rates Today 3/16/12: Volatility? Mortgage Bonds continue their downward trend from the last few days. As Europe seems to be settling down somewhat, safe haven trade has been lifted—pressuring the selling of bonds with stocks benefitting. Again, with no hint from the Fed regarding QE3, bonds will continue their falling trend.
As we see economic activity continue to rise, so will inflation which will put a damper on bonds. However, if economic activity slows down—the pace is uneven—perhaps QE3 may be on the horizon. Initially, bonds would benefit from QE3 but any news of inflation may mitigate any gains.
Undeniably, the upward trend in rates is on the rise. Do you have the time to wait to refinance? Are you thinking of purchasing your next home? Contact us today and learn your possibilities.