December 14, 2017

Seattle Mortgage Rates Today 3/22/12

Seattle Mortgage Rates Today 3/22/12: Europe, uh-oh!  The report regarding services and manufacturing have concluded that the numbers forecasted actually contracted more than anticipated.  This validates that the region is on its way into a recession.  Although news about the debt crisis has not made any headlines of late, the drama is alive and kicking.  There is plenty of uncertainty in the region; confusion and the inevitable printing of more Euros will only exacerbate the current negative sentiment.  In addition, the reported numbers come before EU countries begin their austerity measures.  As the more of the Euro crisis unfolds, we should see better days for bonds.

Improving US Economy? On another note, Initial Jobless Claims reported the lowest reading in the last 4 months at 348,000.  If the upward trend in the economy continues, inevitably mortgage rates will continue its slow rise.

Uncertainty, unpredictability and low consumer confidence are impacting today’s market.  Wouldn’t you agree that this is the best time to refinance or purchase your next home?  Give us a call and learn what lending options are available to you in today’s market.

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