Seattle Mortgage Rate Update, week of 5/16/19
Tweets by President Trump reignited investor concerns over the trade talks with China. Stocks dropped from recent highs as investors’s anxiety increased.
Although the trade dispute with China has not directly helped mortgage rate, newly proposed tariffs could hamper global economic growth, helping rates.
Low inflation has offset strong employment, helping keep rates low. Although lots of jobs are being created, wages aren’t rising fast enough to cause inflation. Inflation is bad for mortgage rates.
High home prices and strong demand have today’s youngest homebuyers pouring into smaller cities, where prices are generally more affordable.
Download an information packed Spring Edition Buyers Guide Below.
