December 11, 2017

Seattle Mortgage Rates Today 4/4/12

Seattle Mortgage Rates Today 4/4/12: After the Fed minutes were released yesterday (3/13 meeting), the market’s downward spiral was an unpredicted knee-jerk reaction.  Mortgage bonds are attempting to stabilize today after hearing positive news from Spain about their impending debt crisis.  Given that yesterday’s minutes did not hint at a QE3 unless the economy falters, the bond market took a beating.  Additionally, the minutes suggested that the Fed Funds Rate could be raised if the there were “significant changes to the economic outlook.”  Obviously the bond market had high expectations for a QE3; any positive gains we had last week were wiped out in a blink of an eye.

With the market housing still frail, the possibility of QE3 is still in the air.  It would be almost impossible at this time for the market to handle any rate increases.  Don’t expect rates to be where they were a few weeks ago, however, we may see better rates in the near future. 

As we begin the season of home buying, are you prepared to make on offer on that house you just viewed? Is your offer strong enough to entice sellers? WE ARE THE PURCHASE EXPERTS! By working with The Mortgage Reel Team—unlike the big banks—be assured of an on-time 30-day closing! Contact us today and receive a same-day pre-approval.

Hire The Right Team. How Can We Assist You?

(206) 219-3088

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