Seattle / Bellevue Real Estate Mortgage Rate Watch: Jobs report is a big disappointment, rising 0.2% higher to 9.8%, but Wall Street seems to be shrugging it off based on economic data that still points we are on pace for recovery.  Many economists state that employments is a lagging indicator of economic recovery.  Only time will tell.

Former Fed Chairman Alan Greenspan who has been very vocal commented again that Stocks are a better investment compared to Bonds in the last 50 years.  With a comment like this it does pressure yields on Bonds to rise which plays against mortgage rates.

It is a growing consensus to lock your rate to avoid any sudden market spikes and work with a lender like us who has the float down options in case the market moves lower.

Next week the market is action packed with Notes and Bond auctions with the biggest for the mortgage market on Thursday which will be $13 Billion in 30 Year Bonds.

Connect with us on the “Follow Us” tab on the left.  Have a great weekend and we will be back on Monday