Seattle Mortgage Rates Today 2/8/2013
Seattle Mortgage Rates Today 2/8/2013:
What’s The Current Trend In Mortgage Rates?
Mortgage rates are worsening.
What’s Happening In Financial Markets?
The Euro Zone crisis is far from over as renewed concerns out of the region begin to rear its ugly head. Spain continues to experience unprecedented unemployment rates exacerbated by the fact that they are the nation with the second highest amount of debt in the union. Greece is in dire straits; it looks a like they will not be able to meet the terms of their third bailout. However, as the sentiment worsens, investors will find themselves in the safe-haven of U.S. bonds.
Pressuring bonds lower and boosting stocks are headlines out of China that exports and imports were up in January. China continues with new lending reflecting that they are not slowing down. One thing to note is that inflation may take root. Hold tight.
How Does That Affect My Mortgage Rate?
As stocks continue their climb, bonds will take the beating. Positive rhetoric has offered stocks the benefit, little by little until one realizes that mortgage rates continue their climb. Float for the longer term and lock on the shorter term.