Seattle Mortgage Rates Today 6/22/12: There is not much to report today that is affecting the markets. Bonds ticked upward yesterday as stocks were sold off due to weak global economic reports.  Today, however, we see stocks rallying as the Federal Reserve did not purchase enough of the available bonds.

With no news out of Europe, markets continue to hang tight.  The crisis in Europe is far from over and in the longer-term; we will see mortgage rates continue to hold with the uncertainty in global markets.  The US will still see safe haven trading.

Mortgage bonds remain relatively unchanged and gains from yesterday’s stock sell-off have been lost this morning.

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