October 19, 2017

Seattle Real Estate Mortgage Rates Today 5/4/11

Seattle / Bellevue Real Estate Mortgage Rate Watch: Mortgage Rates are at the BEST levels of 2011!!!! CURRENT and FUTURE HOME OWNERS are you prepared to take advantage of these rates? Why are they at these levels? Today two reports disappointed the markets that has shifted monies from stocks to bonds coming to the benefit of mortgage rates. The ADP payroll report missed market expectations reporting 179,000 jobs created compared to the target of 200,000. The second report was the Institute of Supply Management Services Index. Investopedia explains ISM Manufacturing Index.
“By monitoring the ISM Manufacturing Index, investors are able to better understand national economic conditions. When this index is increasing, investors can assume that the stock markets should increase because of higher corporate profits. The opposite can be thought of the bond markets, which may decrease as the ISM Manufacturing Index increases because of sensitivity to potential inflation.”

This comes at great timing for our market here in Seattle and the Eastside markets as the purchase season is now under way.  New home owners this is the time to take advantage of this opportunity if you have found the home you were looking for.  Don’t sit on the fence and miss this market opportunity in mortgage rates.

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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