Seattle / Bellevue Real Estate Mortgage Rate Watch: Happy Valentines Day! The bond market is trying to feel the love today as rates are holding last weeks gains and improvement.  Attention for all financial markets are focused on the President Obama’s budget to be delivered to Congress today.  The concern for the United States is to address how the national deficit will be reduced over time.  Bond rating agencies like Moody’s continue to warn the Government that a potential downgrade is still lurking.  A down grade would be devastating to the economy.  We would be no better off than Greece, Portugal and others that have not addressed their budgets.

We will be back tomorrow with more news on the outcome of the budget.  Rates are at a fragile level right now.

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