December 15, 2017

Seattle Real Estate Mortgage Rates Today 5/9/11

Seattle / Bellevue Real Estate Mortgage Rate Watch: The U.S. Dollar gaining strength attracting investors to the Safe Haven trade and the U.S. Bond market, helping to continue the 16th day of Mortgage Rate improvements.
Although Greece financial leaders have strongly denied they were exiting the Euro, the uncertainty is far from over. This has helped the rally in the U.S. bond market.
This week there are three economic reports that will heavily weigh on the ability of the rally to continue. Thursday, Retail Sales Report and the Producers Price Index which gauge the pace of inflation. INFLATION is the enemy of bonds so any unexpected surprises will pressure rates higher. Friday brings the Consumer Price Index which will be key to see how the rising cost of fuel has impacted prices to the consumer. If this shows a longer economic recovery forecast then this may play to the benefit of bonds because bonds thrive in a slow economic growth environment.
The Treasury will also be active auctioning $72 billion in new government debt beginning on Wednesday with 10 Year Notes and on Thursday in 30 Year Bonds. Depending on the grading of the auction results can weigh heavily on rates. Auction results come at 10:00 AM PT.

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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