Seattle Mortgage Rates Today 3/21/12
Seattle Mortgage Rates Today 3/21/12: What happened to the market yesterday? Last Thursday bonds began their downward trend and on Monday began to stabilize. Yesterday, Warren Buffett, as you may already know, made a comment stating that bonds are not the safe haven today; rather, stocks will offer the investor the best return. Not long after that statement was made bonds dropped sharply while stocks benefitted. This morning, Goldman Sachs reiterated Buffett’s statement that we need to watch stocks in their upward trend over the next few years.
What’s supporting the market? The Fed is still buying mortgage bonds and will continue to do so to support the market. With global economic news on a positive upswing, selling has increased over the past few weeks. Even Fed Chair Bernanke mentioned that the debt crisis in Europe has lifted slightly.
Again, the volatility of the market reacts quickly to any news. Are you thinking about refinancing or purchasing your next home? Do you really have the time to wait? Now is the time to give us a call and find out what your options are in today’s market.