Seattle / Bellevue Real Estate Mortgage Rate Watch: Mortgage Rates are unable to make a meaningful gain today ahead of the Unemployment Report tomorrow. Yesterday rates received a boost from Initial Jobless claims, BUT looking at the snapshot today all early gains were lost. Here is our take on the report tomorrow. Should the Unemployment Report meet or beat expectations this could apply selling pressure to rates because Wall Street may pick up more gains. A disappointing report would help pressure rates lower. On a side note tomorrow is also the last day of the first quarter, portfolio fund managers are all repositioning funds to show strong earnings and position strategies for the second quarter. This may also bring more volatility to a action packed Friday.

Timing is everything just as location of the home is critical. Timing in securing an interest rate, BEST rate, is working with a mortgage professional who has their pulse on the market and when best to advise and educate their clients when timing is right. Along with this key knowledge is to be on top of all of the lending and underwriting changes which seem to almost happen daily. We at the Mortgage Reel are Licensed Washington Loan Originators, serving clients with transparency, knowledge and most importantly keeping your goals in mind. How can we assist you today?

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