Seattle Real Estate Mortgage Rates Today 5/3/11
Seattle / Bellevue Real Estate Mortgage Rate Watch: Mortgage Rates are having an uneasy feel with a quiet Stock Market. A LACK of economic data and corporate earning is keeping trading in Wall Street and the Bond markets light. Why? Currently the bond market is being discussed in the stock market trade as being possibly overbought. IF this is the case we could see a reversal lower which we have already witnessed twice this year. When the bonds begin to sell off mortgage rates trade sharply higher with the first 3-5 trading days. This year rates are back to where they were during the crisis in Japan and testing levels going back to PRE-Quantitative Easing 2 announcement, November 3, 2010.
There are concerns expressed both by government and being debated in media of the retaliations from the killing of Osama Bin Laden. This has the Safe Haven trade in the Bond market stirring BUT NOT enough to pressure rates lower.
Today presents an opportunity to capture and lock in on great rates comparatively speaking with where rates have already touched some highs this year.
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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