Seattle Real Estate Mortgage Rates Today 5/18/11
Seattle Real Estate Mortgage Rates Today 5/18/11: Mortgage Rates are mixed after the FOMC minutes released today. Bonds are in the midst of profit taking which right now is pressuring bonds to tick up slightly. We have spoken frequently about the ceiling of resistance in bonds and how this translates to interest rate pressures.
Keep in mind as some are saying that rates are going to move lower. Before that can happen bonds would have to make a strong move lower and sustaining the move to create an actual window for mortgage rates to move lower.
We will have another “Tip of the Day” in the Mortgage Rate Watch tomorrow. The sun is shining in Seattle/Eastside! Wish we had a retractable roof in our office. Have a great day!
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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