Seattle Mortgage Rate News December 19, 2013
What’s the Current Trend in Seattle Mortgage Rates?
Seattle mortgage rates are higher this morning
What’s Happening in Financial Markets?
Feds stated they will reduce QE3 by $10B
How Does This Affect My Mortgage Rate?
What are the market expectations? After yesterday’s announcement, the bond market did not react positively. The hint of future tapering sent the bonds down roughly 40-50bps. When bonds drop, rates go up.
Overall mortgage rates remain well below average and are trending higher so plan accordingly if you would like to purchase or refinance in the near future.