Seattle Mortgage Rates Today 8/23/12: “It’s about time, Mr. Bonds!”  Release of the Federal Reserve minutes form the most recent meeting, not surprisingly, stated that the housing market remains sluggish and economic activity has continued on its path of slowdown.  Weak global economic conditions are also giving bonds a much needed boost.  Stocks are rallying lower as investors sell-off and take gains from the past week or so.

Believed to be speculation, the Fed minutes also disclosed that some sort of stimulus will take place which may be revealed in September’s meeting.  As investors delve into the Fed minutes, they will only find that the economy is not gaining strength as was earlier thought.  Globally speaking, economic data coming from China and Europe was reported as weak.

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.