Seattle Real Estate Mortgage Rates Today 4/4/11
Seattle / Bellevue Real Estate Mortgage Rate Watch: No Auctions & No Economic Data leads to a week that may come to the benefit of Mortgage Rates. On Friday Mortgage Rates show some signs of resilience from the Unemployment Report. Although the unemployment rate ticked down slightly which would have come as good news and bad for rates actually had the opposite impact. The underlying concern was the hourly earnings not increasing. In a time of so much inflation concern if the consumers income stays flat and costs are rising companies have a hard time passing on higher costs to the consumer. This will be a key indicator to watch in the coming Unemployment reports. Should hourly earnings begin to increase and unemployment ticks down further INFLATION will once again rear its UGLY head and pressure rates higher.
EXTENSION!!!!! ALERT!!!!!! The Obama Administrations Home Affordable Refinance Program or H.A.R.P. was extended. Originally your home loan had to be purchased by Fannie Mae or Freddie Mac by March 2009 in order to qualify. Many home owners were after this date disqualifying their ability to refinance. BUT the program has been extended to June of 2009, only three months but we are finding this is a big window of opportunity for many home owners who want to refinance and are undervalue. You can check your home loan by clicking here for more information. You can also contact us and we will gladly offer our assistance.
Timing is everything just as location of the home is critical. Timing in securing an interest rate, BEST rate, is working with a mortgage professional who has their pulse on the market and when best to advise and educate their clients when timing is right. Along with this key knowledge is to be on top of all of the lending and underwriting changes which seem to almost happen daily. We at the Mortgage Reel are Licensed Washington Loan Originators, serving clients with transparency, knowledge and most importantly keeping your goals in mind. How can we assist you today?
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