June 22, 2017

Seattle Mortgage Rates Today 8/3/12

Seattle Mortgage Rates

Seattle Mortgage Rates

Seattle Mortgage Rates Today 8/3/12: Friday’s Job Report came in better than expected—63,000 higher than the Wednesday’s ADP Report of 100,000.  Interestingly, the unemployment rate inched up 0.1% to 8.3%.  With slightly better than anticipated economic news, stocks soared at the expense of bonds.  We anticipate a correction with the Jobs Report and in-turn a better outlook for bonds next week.

Again, with a not-so-dim jobs outlook with the creation of 172,000 private sector jobs, it looks as if the Fed my hold back any hint of Quantitative Easing 3 (QE3).  However, several other negative factors exist that the Fed must consider in regards to QE3.  The uncertainties in Europe continue to plague the region and affect the markets on our home turf.  Although we have seen worsening the past few days, there is still an opportunity for bonds to rebound next week.

With Fed Meeting next month, there is still plenty of time for “Benny B” to implement QE3.

Be ready to lock as the opportunity may present itself for just a moment.

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.

 




Hire The Right Team. How Can We Assist You?

(206) 219-3088


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