What’s the Current Trend in Seattle Mortgage Rates?

Mortgage rates worsened today.

What’s Happening in Financial Markets?

Stocks are back on top this morning.  There is not economic news for today so the stock market is taking advantage with a small rally.

How Does This Affect My Mortgage Rate?

Not really answering the question today but a definite tip the real estate market is moving in a positive direction for all home buyers!  Fannie Mae reported its largest net income in company HISTORY in 2012 totaling $17.2B.  The gains were due to improved consumer credit (financial strength), a drop in delinquencies, and an increase in real estate prices.

Seattle real estate market is a definite contributor as the local market sales increased ever since February 2012 and has not slowed.  If you are buying, contact us for a same day pre-approval.