Seattle Real Estate Mortgage Rates Today 7/12/11
Seattle Real Estate Mortgage Rates Today 7/12/11: Mortgage rates have received a nice improvement the past couple of days. Again we are approaching the resistance levels that can possibly limit the (Mortgage Rate) positive future gains. As mentioned in previous posts, each time we reach this level or get very close the market tends to pull back. Equaling higher mortgage rates for home buyers and owners.
European financial struggles continue, which have led investors to the US Bond market. This provided support today, but the key item was the $32B auction today. The auction received a “B+” grade which is positive note especially since this is the first auction since QE2 has ended. With above average results the market is currently trading flat.
As mentioned the King, Snohomish, Pierce, and San Juan County loan limit increases are set to expire in September. If you are a pre-approved buyer or home owner thinking about refinancing, please pay attention to this change. This reduction in loan limit will directly impact your real estate buying power and qualifying. Click here for more information.
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