Seattle Mortgage Rate News Today November 1, 2013
What’s the Current Trend in Seattle Mortgage Rates?
Seattle mortgage rates are worsening today
What’s Happening in Financial Markets?
Bonds are below the 200 day moving average (not good)
How Does This Affect My Mortgage Rate?
Three days in a row the bond market has weakened. When bonds weaken, consumer mortgage rates go up. The 200 day moving average was a key level of support, but since the bonds are now below the average it is not a positive sign. Plan accordingly if you are purchasing or refinancing Seattle real estate.
Overall today is quiet with economic data so stay tuned for next week.
Have a great weekend!