Seattle / Bellevue Real Estate Mortgage Rate Watch:  Three major plays that shook the market yesterday, China with good economic data, European Central Banks considering more Quantitative Easing and Mortgage Backed Securities being sold off HUGE by portfolio investment managers.  This resulted in 3 price changes HIGHER in rate at a cost of .25% in rate.

Attention is focused on the Employment report due out tomorrow which may bring yet more volatility to the market.  The Mortgage Market is trying to fight back today but have lost a significant amount of ground and it will be tough to regain in a short period of time.

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