June 22, 2017

Seattle Real Estate Mortgage Rates Today 6/6/11

Seattle Real Estate Mortgage Rates Today 6/6/11: Mortgage Rates are being pressured to move slightly higher starting off the new week. Any movement today will come from reactions in stocks. However looking further into the week Wednesday and Thursday could be market movers. Wednesday kicks off with the Fed Beige Book release which the market will pay close attention to see if any mentions of QE3 are in play and the Feds outlook of the economy. The big mover will be a new round of debt being auctioned off in 10 year notes. Then moving to Thursday numbers from Initial Jobless Claims and another round of auctions in 30 year bonds.

Keep in mind long term bond auctions will impact rates.  If the bond auctions receive a high grade, “B” or higher we could see rates pressure lower.  However a bad long term auction could be a market mover for rates to move higher.  Of recent the Jobs sector has not been preforming well so it will be interesting to see how this weeks report in numbers.

We will have a “Tip of the Day” education on shopping for a MORTGAGE RATE.  The days of calling around from lender to lender and receiving a quote over the phone have disappeared due to the new multi-layered guidelines of Fannie Mae and Freddie Mac.  Don’t get caught with a quote over the phone with no questions asked.  That would be too good to be true.
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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