Seattle Mortgage Rates Today 3/14/12
Seattle Mortgage Rates Today 3/14/12: Is the economy improving? Following yesterday’s Fed Policy Statement the knee-jerk reaction by the markets reflected a worsening in rates midday. When speaking of the economy, the Fed admitted that there is an improvement to many areas; however, the housing market was not included. Should this inclination of improvement continue on its path then we will most likely see rates push higher.
Inflamed inflation? Once again, given the climbing energy prices, the Fed mentioned that inflation may increase in the near- term. The talk of higher inflation always negatively impacts bonds. The tumult that bonds are experiencing is exacerbated by the fact that no inkling about QE3 was ever mentioned by the Fed.
With the chance of rising rates in the near-term, do you have time to wait to refinance or purchase your next home? Please contact us and learn what types of financing options are available in today’s market.