Seattle Mortgage Rates Today July 11, 2013
What’s the Current Trend in Seattle Mortgage Rates?
Seattle mortgage rates are slightly improve today
What’s Happening in Financial Markets?
Chairman Big Ben Bernanke stated rates will remain low as the unemployment rate is too HIGH and inflation too LOW.
How Does This Affect My Mortgage Rate?
The number of US workers seeking unemployment benefits is up above expectations today. This is a trend to see the number spike after the 4th of July holiday. With poor economic news, we should see an improvement in mortgage rates. The market did open in positive direction (improved rates) but has since reversed (worsened).
Preparation and timing is important to securing the best rate possible.