Seattle Real Estate Mortgage Rates Today 8/3/11. With the Automated Data Processing (ADP) National Employment Report reflecting 14,000 more jobs in the private sector than the expected 100K, mortgage bonds remain near unchanged. Stay tuned as the jobs report will be released on Friday.
With the debt ceiling agreement under control, Moody’s reaffirmed the United States’ “TRIPLE A” rating and practically removed the threat of default. The news was good for bonds and helped push prices higher. Additionally, although the DOW (DJIA) reached its nadir of the day by 160 points, it closed almost 30 points higher—mitigating the 9th straight day of the market closing lower.
Stocks measured by the S&P 500 are moderately up with positive news form ADP.
As we experience economic uncertainty and rising consumer pessimism, rates have seen levels we were accustomed to last November. Exacerbated by persistently high unemployment rates, bonds continue to move higher and trade near its best level so far.
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