Seattle Mortgage Rates Today 7/17/12
Seattle Mortgage Rates Today 7/17/12: Caution is in the wind as investors await Federal Reserve Chairman Ben Bernanke to offer his testimony to the Senate Banking Committee for the semi-annual monetary policy report. Hints of another round of easing were put at bay; stock prices fell slightly upon delivery this news. What Benny B is concerned is that the economy is growing too slowly to assist in reducing unemployment. However, there was no indication of QE3 given the string of weak economic data.
Across the pond, the debt crisis is alive and kicking. With the European economy and financial markets under duress, it’s important the Fed keep close watch to ensure that the wave of the crisis is mitigated as much as possible here at home.
Again, the possibility of another round of easing is forthcoming. As history usually repeats itself, pay attention to bonds as soon as there is any mention of QE3 by the Fed. Stocks will rally higher at the expense of bonds. If you are considering a refinance, be prepared and get pre-approved; you will be ready to lock when the time presents itself otherwise you may be too late and miss the bus altogether.
As the season of home buying is upon us, are you prepared to make on offer on that house you just viewed? Is your offer strong enough to entice sellers? WE ARE THE PURCHASE EXPERTS! By working with The Mortgage Reel Team—unlike the big banks—be assured of an on-time 30-day closing! Contact us today and receive a same-day pre-approval.