June 27, 2017

Seattle Mortgage Rates Today 8/17/12

Mortgage Rates Seattle

Mortgage Rates Seattle

Seattle Mortgage Rates Today 8/17/12:  “Mortgage Bonds, you’re our only hope.”   After 9 straight days of losses, mortgage bonds have started their climb upward starting yesterday.  Mortgage bonds continued to break through support levels; it seemed there was no stopping its fall.  Well, bonds are currently at the support of the 100-day Moving Average.  If bonds fall below this floor, we may see bonds sell off and rates begin to climb.  This has happened before and may very well happen again.  Once again, typical indicators are not reflecting what we should anticipate.  Although U.S. consumer sentiment has seen its highest in the past 3 months, bonds were not negatively affected as one may assume.

Speaking of high consumer sentiment, retail sales jumped to 0.8% from the anticipated 0.2%.  Confidence seems to abound except many are concerned with the rising food prices only exacerbated by the drought in the farm states in the Midwest.  However, unemployment continues to plague the US with weak global economic data, the Fed may just implement another round of stimulus referred to as Quantitative Easing 3 (QE3).  Speculation of QE3 is not new; as the US economy continues to trudge along, the idea of QE3 is strong.  How much more can stocks be positively affected at the expense of bonds?  Some analysts say not so much.  We can only wait and see…

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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