Seattle Mortgage Rates Today 7/2/12
Seattle Mortgage Rates Today 7/2/12: With Independence Day landing right in the middle of the week, there’s not much to report this Monday. Mortgage bonds did open a tick higher as the European Summit came to a close last Friday. One thing we will be on the lookout for this Friday is June’s Jobs Report…
“Uh-oh, is this an indicator of what’s yet to come?” The slowdown in China and Europe has finally reared its ugly head this side of the oceans. Our long road to U.S. economic recovery has been relying on manufacturing. Unexpectedly, the manufacturing sector contracted and fell to its lowest in 3 years. This news will only feed the chance that the Federal Reserve will implement another round of Quantitative Easing 3 to boost the economy as soon as August.
Again, the trend for rates will continue to stay low and stable. If you have the time, wait to lock as the debt crisis in Europe and the opportunity to affect global markets is far from over. However, in the short-term, lock your rate since daily changes in the market may still impact your rate.
As the season of home buying is upon us, are you prepared to make on offer on that house you just viewed? Is your offer strong enough to entice sellers? WE ARE THE PURCHASE EXPERTS! By working with The Mortgage Reel Team—unlike the big banks—be assured of an on-time 30-day closing! Contact us today and receive a same-day pre-approval.