Seattle & Bellevue Real Estate Mortgage Rate Watch for 9/16/10
Rates open worse today upon news coming from the Jobless Claims report being a tad bit better than expected. Nothing shocking but the stock market is welcoming the news with open arms which is putting pressure on mortgage to move higher. Attention is now turning to China, which is the largest buyer of our national debt. Depending on the future outcomes of the Governments pressure on this relationship we could see negative impacts on mortgage rates. This is all hypethical but it still is a concern moving forward.
We will be back in tomorrow with our week recap.