Seattle Real Estate Mortgage Rates Today 4/1/11
Seattle / Bellevue Real Estate Mortgage Rate Watch: After the release of the Unemployment report which beat market expectations an interesting comment came from Fed President Lacker. He mentioned that the Fed’s will have a rate hike by December to control inflation. Inflation keeping in mind is the enemy of bonds and mortgage rates. This also comes just after the CEO of Walmart stating that due to Core Inflation prices of goods and foods will increase even more by the end of spring. All fueled by the rising cost of OIL which has huge impacts on everything. Today the bond market reacted poorly to the report but made a bounce back, BUT still unable to make any meaningful gains to erase the losses from Thursday. Rating the overall performance of Mortgage Rates for the week, Rates closed higher after factoring daily markets since Monday.
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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