Seattle / Bellevue Real Estate Mortgage Rate Watch: Continued conflicts in the Middle East continue push investors into the U.S. Safe Haven.  Treasuries and Bonds have been the beneficiaries which are helping mortgage rates slowly lower.  What should be the total opposite right now with better than expected news coming from the Initial Jobless Claims report which seems to be developing a consistent pattern to break the 400,000 barrier.  Good economic news locally here in the United States would normally have a negative impact on rates but with growing concerns over OIL and the impact higher costs will have on the U.S. recovery, local news has taken a back seat.  All eyes are focused now on the further developments in the Middle East.

This is coming as good news to current and future homeowners as it creates a window of opportunity for rates to improve and gain grounds from the spike higher back on November 4, 2010.

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