Seattle Mortgage Rates Today 5/1/12: “Quantitative Easing 3, where are you?”  San Francisco Federal Reserve President, John Williams, and Dallas Federal Reserve President, Richard Fisher, concurred that the Federal Reserve should not implement any further monetary easing.  However, those two top Fed officials also agree that rates should not be raised in the near term.  News of this will inevitably give stocks a boost.

“May Day, May Day”  Perhaps it’s a good thing that stock markets across the pond are closed for their Labor Day, May 1^st.  Europe’s debt crisis is under wraps for yet another day.  Mortgage bonds remain unchanged, maybe just slightly better, and remain near their recent highs.  However, the market could change quickly and lose some of those gains.  As we have seen before, as bonds continue on their upward trend, inevitably they will come down.  Just be on the ready should you need to lock your rate today.

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