What’s the Current Trend in Seattle Mortgage Rates?

Mortgage rates are UP today

What’s Happening in Financial Markets?

Globally all financial markets are taking a hit because of the lack of clarity from Mr. Ben Bernanke.  He stated QE3 would continue as planned.  BUT later stated if the economic environment improves, the bond program could slow as soon as June.  I truly hope this is an overreaction!

How Does This Affect My Mortgage Rate?

Seattle mortgage rates took a beating yesterday and are on the upswing today.  As the holiday weekend approaches, investors may liquidate and take an extended vacation before dumping funds back into the market.