Seattle Real Estate Mortgage Rates Today 5/26/11
Seattle Real Estate Mortgage Rates Today 5/26/11: The 7 year note auction today received an “A+” rating that provided small gains to the bond market. Overall mortgage rates remain stable. The market still remains close to the 200 day average that is providing a huge level of resistance. Float cautiously but watch, if the market pulls back, you might want to secure the gains.
Initial jobless claims were higher than expected at 424,000. This continues to show the lack of confidence in businesses to invest within and expand. Seattle’s local job market continues to draw attention because of the strength and size of local businesses hiring such as Amazon. Working closely with a relocation company in Seattle definitely shows companies are hiring locally.
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 that 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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