Interest Rate Watch for Seattle & Bellevue Real Estate 9/3/10
A better than expected Jobs report push bonds to sell off and a third positive day in the stock market. We commented twice this week that any good economic news no matter how weak it may seem will rally the stock market. Today once again we are seeing this prove to be true. If you are in contract to purchase a home in Seattle & Bellevue Real Estate we would advise at this point to be cautious on floating your rate. It may be prudent to lock and secure your loan. If you are refinancing our advice again would be to begin the process, have you loan fully approved and float for the right time to lock and close. Best advice is to work with a professional who understands clearly what can impact your largest investment, your home. How can we assist you?
The markets will be closed for Labor Day on Monday, we will be back on Tuesday. Have a great Labor Day weekend, from the Mortgage Reel Team.