December 16, 2017

Seattle Mortgage Rates Today 1/4/13

Seattle Mortgage Rates

Seattle Mortgage Rates

Seattle Mortgage Rates Today 1/4/13: Mortgage bonds have been on a wild ride and settled lower on yet another day.  Although the Jobs Report came in at the anticipated 155,000 jobs for December, the unemployment rate still sits at 7.8%.  While some may see that figure reflecting an economy that is recovering, albeit at a snail’s pace, the jobless rate still points to uninspiring economic growth in the coming year.

Given the slow growth, some members of the Fed have are not keen on the current unlimited bond-buying program.  The Fed has stated that this round of easing will continue until the Jobless Rate falls to 6.5%; however, at the current rate of growth that is most likely not going to happen until 2015.  Ouch!  At the same time, some members indicated that continued accommodation must be made but no specific timeline was mentioned.   So it’s improbable that the Fed will consider any changes to the QE3 at this time.

Again, with such volatile sentiment coming out of Washington, one must remember to sit and wait.  As more problems arise—the fiscal cliff worries are far from over—there will be knee-jerk reactions in the market.  Bonds will stabilize and rates will come down.  Just sit back and relax.  For just a moment…


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