Seattle Real Estate Mortgage Rates Today 8/2/11.  Local mortgage rates are at the best levels for 2011.  If you are a homeowner considering refinancing, I would highly advise you to check your savings potential today.  If you are in a purchase transaction, securing a fixed rate just happens to be great timing.  We thank the current followers and past clients for the continued support and opportunities to assist with real estate financing. 

What caused the bond market to strengthen?  First is the Senate required 60 votes to pass the bill and received a total of 74.  The interpretation of the bill allowed the US to maintain its current AAA rating.  This is huge for the overall future financial position of the US economy. 

Weak US economic data continues as the recovery continues to slow down.  With consumer spending down, how can the economy make a push forward?  Another stimulus?  Either way, the continued weak news should continue to support bonds. 

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