Seattle Real Estate Mortgage Rates Today 5/31/11
Seattle Real Estate Mortgage Rates Today 5/31/11: Mortgage Rates unchanged on mixed news coming from Greece with its potential bailout from Germany. This has the dollar weaker against the Euro boosting the stock market and exports. Consumer Confidence and teh Chicago PMI come in lower which shows the economy is still slow going. Looking ahead into the week on Friday the Jobs Report is anticipated to also report lower than expected. This all comes with Quantitative Easing 2 ending in June and leaving economists scratching their heads if the plan of the Federal Reserve actually worked. BUT WAIT, already there are rumors emerging of Quantitative Easing 3. WHAT? The plan was NOT that successful. PLUS did they not see what a negative impact it had on mortgage rates. They spike in November and did not settle back down for months. A spike would HURT the housing market even more at this point if housing is the key indicator of recovery.
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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