June 24, 2017

Seattle Real Estate Mortgage Rates Today 7/7/11

Seattle Real Estate Mortgage Rates Today 7/7/11:  Mortgage rates weaken as the US employment and retail sales showed positive progress.  In the private sector, 157,000 jobs were created, substantially higher than the expected 60,000. 

New unemployment claims fell as well by 14k from the previous week with an average at about 424,000.  This was not a significant drop but again steps in the right direction. 

Retail sales have also helped spark the stock market today.  June’s retail sales results were stronger especially from May’s disappointing numbers.  Further retail sales data will be released along with more employment data.  The combination of these two is headed in the direction to fuel the stock market.  If the stock market gains, expect consumer mortgage rates to slightly worsen. 

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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