What’s the Current Trend in Seattle Mortgage Rates?

Seattle mortgage rates jumped higher today

What’s Happening in Financial Markets?

Both global and the US stock market are taking the gains from the bonds.

How Does This Affect My Mortgage Rate?

Positive economic news strips the bond market of recent positive gains.  US Retail sales beat expectations in July causing the stock market to jump higher.  The bond market is near crucial support levels and if bonds fall below the support that could be bad news.  Let’s hope the bond market will bounce back before the week is over.