December 11, 2017

Seattle Mortgage Rates Today 8/10/12

Mortgage Rates Seattle

Mortgage Rates Seattle

Seattle Mortgage Rates Today 8/10/12: “What goes down must come up!”  Indeed.  With evidence that the global economy continues to slow, mortgage bonds have begun their upward trend today.  The demand for global imports is also slowing which was validated by China’s weak export numbers.  Global investors are putting their money into the relatively safe haven of US bonds and the US dollar.  This is exacerbated by the fact that China’s export numbers are down over 15% year over year with one of their biggest trading partners that is Europe.  One should also note that weakening Euro economies will not allow for European imports to China, as well.

Off the record: It seems that a “perfect storm” may be brewing in China.  Many factors including slowing growth and weakening exports will inevitably affect the global market.  China’s aggressive growth the past few years can only be considered unsustainable.  Housing is overbuilt; China’s housing bubble is going to implode.  Just wait.

Will we see 3.5% for a 30 year fixed rate mortgage with no costs?  The likely answer is…yes, maybe.

As the season of home buying is upon us, 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.


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