December 11, 2017

Seattle Real Estate Mortgage Rates Today 3/30/11

Seattle / Bellevue Real Estate Mortgage Rate Watch:  This morning at 10am PST will be the 7 year note auction totaling $29B.  The previous two auctions for the 2yr and 5yr both received about a “C” grade.  The 7yr could create a higher yield because of the long term risk.  Stay tuned as we will post the results via twitter.

As we continue to mention the US economy is slowly in recovery mode.  The private job sector reports 201,000 new jobs were created, very close to the 203,000 that was expected. 

If you are on the short, follow us closely as the bond market has recovered off the lows from yesterday.  This auction report will be key for today’s pricing and mortgage rate trends.  The bond market has weakened 8 out of the past 9 days.  So hopefully the small gains received this morning will be the start of a new trend for the better! 

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