Seattle Mortgage Rates Today 1/10/13
Seattle Mortgage Rates Today 1/10/13: Once again, markets react to positive news coming from the world’s second largest economy, China. Mortgage bonds opened lower as investors moved their resources to stocks. Shares rose both here and abroad with new data reflecting that a balance of imports and exports out of China. However, Japan found itself falling as rhetoric surrounding monetary easing came to light.
Bonds were supported, however, with negative sentiment coming from Europe. European Central Bank President, Mario Draghi, stated that the economic outlook was no strong; he expects higher than anticipated unemployment benefits in the region.
Again, we have seen mortgage bonds on the downtick these past few days. Relatively speaking, rates have not moved all but .125%. Nonetheless, the opportunity is still ripe for purchasing and refinancing. Don’t forget, just 5 years ago, rates were near 7%.