Seattle Mortgage Rates Today 2/25/2013
Seattle Mortgage Rates Today 2/25/2013:
What’s the Current Trend in Mortgage Rates?
Rates may be slightly improving today.
What’s Happening in Financial Markets?
Stocks continue to lead the markets while pressuring bonds lower. Although there are no economic reports out today, there are reports this week that may affect the market including housing and GDP.
One thing to watch for this week are the sequestration talks that if not dealt with, budget cuts to the tune of $85 billion will begin to take place this Friday.
Fed Chairman Ben Bernanke will be offering his semi-annual report on monetary policy beginning tomorrow. We expect that QE3 will continue for some time contrary to popular belief.
How Does This Affect My Rate?
As we find ourselves cautiously floating, be alert to any sudden changes in the market. Rates have been relatively stable; however, there may be an opportunity to lock in a very tight window.