Seattle Mortgage Rates Today, January 29, 2014
What’s the Current Trend in Seattle Mortgage Rates?
Seattle mortgage rates are improving
What’s Happening in Financial Markets?
Turkey’s rate hike forced investors into the bond market.
How Does This Affect My Mortgage Rate?
FOMC: 2 day Feds meeting announced they would reduce the bond purchasing to $65B per month starting in February. The goal is to keep mortgage rates low moving forward.
The Fed Funds rate will remain at 0-.25% until the unemployment rate remains below 6.5%. The rate may continue at this level if other factors such as inflation and the labor market remain within measures.
Overall with the worldwide financial struggle, this can lead to a positive push lower for mortgage rates.
Stay tuned for future updates.
From local Seattle real estate professionals, the inventory remains low and multiple offers are in full force. Contact us for more information on “how to” prepare your pre-approval for success!
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