Seattle / Bellevue Real Estate Mortgage Rate Watch: Attention still is focused on China as their economy still shows signs of growth.  The People’s Bank of China reported that exports jumped 35% from last November.  China’s economy grew 9.6% which is causing the concern of inflation and them HIKING rates over the weekend.

This is coming at the expense of Bonds, Rates could see a VERY volatile opening this coming MONDAY.  We would take a locking position on your loan at this time to create a ceiling on your rate.

The S&P 500 is also being closely watched as it is a indicator of economic growth here in the U.S.. Currently the S&P 500 is testing the current levels, if it is able to break through the current levels and move higher this WOULD also come at the expense of Bonds and further pressure INTEREST rates to move higher.

Stay tuned for our Monday post as we anticipate it will be action packed.  Have a great weekend, repost this to your networks and JOIN us soon on our Facebook page.