What’s the Current Trend in Seattle Mortgage Rates?

Mortgage rates traded flat today

What’s Happening in Financial Markets?

In the past 5 days, mortgage bonds have NOT been able to break a ceiling of resistance.  What this means is Seattle mortgage rates have peaked in the last 5 days.  To break this level of resistance, it will require a significant shift in the economic financial markets.

How Does This Affect My Mortgage Rate?

If you are purchasing a new home in Seattle or refinancing, timing to secure the lowest mortgage rate is important.  Since bonds have bounced above the lowest levels but can’t break the resistance level, locking your rate could very well be a smart idea since we have not seen any improvement in the past 5 days.