Seattle Mortgage Rates Today 8/16/12
Seattle Mortgage Rates Today 8/16/12: “Seriously, what is going on?!” This will be short and to the point. Rates have definitely made their way down to the proverbial depths of “insert appropriate place here.” Interestingly, rates and prices have worsened today; however, mortgage bonds actually opened higher this morning. Why didn’t we see prices improve when bonds improved? Is this the beginning of the upswing in bonds? Perhaps German Chancellor Angela Merkel may be to blame. Remarks by Frau Merkel seemed to support the European Central Bank’s efforts to deal with the debt crisis plaguing Spain and Italy. It may appear that Germany will support the ECB’s idea to purchase the bonds of the aforementioned troubled nations. With the negative sentiment we’ve been hearing of late, it’s no wonder that any positive news coming from Europe will affect the market quickly.
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.