December 11, 2017

Seattle Real Estate Mortgage Rates Today 3/4/2011

Seattle / Bellevue Real Estate Mortgage Rate Watch: Unemployment Rate Drops! Economic Recovery continues, BUT rates IMPROVE. That is against reason.  Lets break it down.  The Unemployment Rate drops from the previous months reading of 9.0% to 8.9% which is great news for the economic recovery.  This would come as bad news to bonds as investors would move out of bonds to stocks. HOWEVER this is not the case today as the Stock Market is taking a beating over the concerns in Libya and RISING Oil.  The stock market is selling off for two reasons, going into a weekend and the unknown of what can happen in Libya, investors are selling off to move into the Safe Haven of Bonds.  Second, Oil is rising so fast that Wall Street is now concerned with how this will impact the private sector and corporate earnings with profitability shrinking.  Both of these concerns are coming to the benefit of the Bond market which has erased the last two days of losses.  Great news for Rates.

This comes as a clear example of how the mortgage rates will react to conflict and OIL.  Strip out the concerns in Libya and a Better than expected Unemployment Report and rates would have bumped higher today.  Eventually, we hope for the people, tensions will ease in Libya, when this does happen prepare for rates to move gradually higher as the impact on both investor sentiment and OIL will shift, pushing monies back into stocks coming at the expense of bonds.

Have a great weekend and FIND us on Facebook when you log into the worlds largest social network.  LIKE us when you visit so we can continue to share our education with all current and future home owners.




Hire The Right Team. How Can We Assist You?

(206) 219-3088


Related content:

Leave A Reply With Facebook

comments

Speak Your Mind

*