Seattle Mortgage Rates Today 2/5/2013:

What’s the current trend in mortgage rates?

Mortgage rates have moved slightly higher.

What’s happening in financial markets?

Although renewed debt concerns in Europe induced investors to move assets into bonds yesterday, today those gains have all been lost.  Market volatility continues as investors shift their confidence into riskier stock assets.  Obviously, concerns in Europe do not have the negative affect they once had.

How does that affect my mortgage rate?

Mortgage rate prices continue to increase thereby raising mortgage rates.  Although the rate may fluctuate up or down by an eighth of a percent (0.125%), discount points have either increased or lender credit has dwindled down to nil.