Seattle Mortgage Rates Today 3/28/12
Seattle Mortgage Rates Today 3/28/2012: There is not much to report today as we find mortgage rates at their best levels from the past 2 weeks. Durable Goods reports a disappointing number at 2.2%–0.6% lower than expected—which helped bonds gain some ground. Volatility is still rampant however and a knee-jerk reaction by the market is inevitable with any negative sentiment.
Earlier this week we found Fed Chair Ben Bernanke state that monetary accommodation is still needed to assist in stabilizing the economy. For longer term transactions, a floating bias is recommended—hints of QE3 are on the horizon. Again, should speculation of QE3 become stronger, bonds will benefit and that would be a window of opportunity not to be missed.
With rates at their best levels in 2 weeks and unpredictable volatility, wouldn’t you agree this is the best time to refinance or purchase your next home? Contact us and learn how to save your hard-earned money.