Seattle Mortgage Rates Today 8/6/12
Seattle Mortgage Rate Today 8/6/12: Mortgage Bonds are opening just a tick higher today after Friday’s Jobs Report boosted stocks at the expense of bonds. With the better than expected report, hopefully bonds will get back on its feet and begin its upward trend and claim back losses this week. Again, rates should continue to remain relatively stable as continued uncertainty in the Euro Zone and speculation of Quantitative Easing 3 and exacerbated by the politics of the upcoming Presidential race.
“Is Benny Bernanke Compassionate?” This morning Fed Reserve Chair Bernanke spoke of his concern regarding the economy. Although sentiment reflects an economy moving in the right direction—more than a 163,000 jobs added in July—Bernanke understands that there are many continuing to struggle. Speaking on the measuring the economy, Mr. Bernanke reflected upon some decidedly new way to do so such as leisure activities and level of education along with job security, upward mobility and income distribution.
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.