November 20, 2017

Seattle Real Estate Mortgage Rates Today 4/29/11

Seattle / Bellevue Real Estate Mortgage Rate Watch:  Mortgage bonds are trading slightly higher today and be cautious as we approach potential resistance.  Looking at the previous trends, the same level of resistance forced bonds lower which pushed mortgage rates higher.  At this time mortgage rates are at the lowest levels of 2011.  Have you secured your mortgage rate?

Economic data remains within expectations to help support mortgage bonds as well.  Current inflation levels remain tame and consumer spending/saving continues to show signs of improvement. 

The overall bond has potential to possibly improve and reach higher levels, but pay close attention to the US dollar.  As the dollar continues to weaken, this has the power to reduce the demand of US treasuries and bonds.  If they weaken, that is not good news.  The future of a weaker US dollar can create inflation.  As we have always mentioned, inflation kills mortgage bonds sending mortgage rates higher! 

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