February 19, 2018

Seattle Real Estate Mortgage Rates Today 4/21/11

Seattle Real Estate Mortgage Rates Today 4/21/11: Apple on the BOOM with earnings, Jobless Claims unable to make meaningful improvement and the stock market closing early today ahead of Good Friday.  Apple reported an 83% gain over last year, much of this is due to the increase in iPhone and iPad sales.  This did not hurt the bond market as the overall stock market did not move higher on the news.  Jobless Claims did come in lower but not improving enough to impress the market and economists to show unemployment will lower below 8.8%.  Better news on Jobless Claims would hurt the bond market but the news was again not to market expectations.

The Stock Market will close at 2:00 PM ET today in observance of Good Friday tomorrow.  The Stock market will be closed on Friday, unless there is news from overseas todays rate should hold into tomorrow.  Next week however brings auctions back to the market in 2, 5 and 7 Year auctions.  Auctions always bring volatility back to the bond market.

Timing is everything just as location of the home is critical. Timing in securing an interest rate, BEST rate, is working with a mortgage professional who has their pulse on the market and when best to advise and educate their clients when timing is right. Along with this key knowledge is to be on top of all of the lending and underwriting changes which seem to almost happen daily. We at the Mortgage Reel are Licensed Washington Loan Originators, serving clients with transparency, knowledge and most importantly keeping your goals in mind. How can we assist you today?

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