Seattle Real Estate Mortgage Rates Today 4/7/11
Seattle Real Estate Mortgage Rates Today 4/7/11: Government Shutdown, European Central Bank Rate Hike and another Earthquake in Japan stirring the rates today! At the moment the stock market is hedging Government will come to an agreement to avoid Shutdown. This has the bond market improving. The news from Europe of the European Central Bank raising rates by .25% did not have much of an impact because the market had already factored this news in. The unexpected 7.4 Earthquake in Japan, had the market braced, BUT the warning of the Tsunami has been removed. This would have helped with the “Safe Haven” trade, but has not impacted the markets on the Good news of no more Tsunami warnings.
The mortgage financing world is going through a reform from Federal Reserve rules and the Dodd/Frank act. Today is the first official day, it is yet to be seen on how this will impact higher lender costs which will eventually passed onto the consumers.
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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