June 28, 2017

Seattle Real Estate Mortgage Rates Today 6/13/11

Seattle Real Estate Mortgage Rates Today 6/13/11: Mortgage Rates are receiving some support today on the weakness in the Dow Jones. Looking ahead into the week economic data will once again bring volatility to the market.  The market will look for any signs of INFLATION that spark from the numbers.  Tomorrow we kick off the week with Retail Sales Report and the Consumer Price Index on Wednesday.  The economy is slowing how can inflation be high? Great question.  It is all based upon the cost of goods and companies ability to remain profitable without increasing the price to the consumer.  Until just this weekend gas had been heating up moving higher.  These readings may still include those prices which would be INFLATIONARY.  Though it may not be the actual reading on the economy it will create volatility.  Inflation is BAD for mortgage rates.  This will be a week to pay close attention to.  As of today we have passed the lowest rates of 2011.  Economic data will have to weaken or the stock market will have to sell off to pressure rates back to those levels.

Timing is everything just as location of the home is critical. Timing in securing an interest rate, the 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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