What’s the Current Trend in Seattle Mortgage Rates?

Seattle mortgage rates have improved today

What’s Happening in Financial Markets?

The market is betting on the fact of QE3 continuing which will be announced on Wednesday.

How Does This Affect My Mortgage Rate?

The two day Fed meeting will take place this week to decide the path of QE3.  At a current pace of $85B a month the reduction to QE3 could be in the range of $10-$15B.  If the number is higher, that could potentially increase mortgage rates.  More news will be announced on Wednesday.