All NEW!!! Seattle / Bellevue Real Estate Mortgage Rate Watch:  Strong reports coming from CHINA’s Purchasing Manager’s Index came in above expectations at a SEVEN month high.  This good economic news is spurring the global economies as a sign of global economic improvement.  Also pressuring the markets is the U.S. backing the EURO with its woes in Ireland.

Stronger than expected ADP REPORT came in ABOVE expectations at 93,000 / 58,000.  This is pressuring rates to move higher.  As we have mentioned in previous posts it is crucial for timing in locking in your rates when we are in such volatile times.

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