Seattle Real Estate Mortgage Rates Today 7/6/11.  Looking at local mortgage rates here for the Seattle area, the bond market has weakened by over 100bps.  This trend has forced interest rates to climb to the highest level in the past 60 days.  Now this is not to scare you as a local home buyer or owner looking to refinance.  Purely educational to help you make the right choice when it is time.  The market will continue to fluctuate with foreign news and also the stock market.

The jobless claims report is due for release this week.  The initial speculation is the number of layoffs will be larger than previous reports.  One of the reasons is the Government sector.  Government positions are seeing the largest loss with cutbacks. 

With China’s continued growth uncertainty to Portugal getting ranked by Moody’s down to junk status, this has helped bonds early today.  But in the end, the stock market continues to rally (improve) stealing positive gains from bonds. 

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