Washington Mortgage Interest Rates
What are mortgage interest rates based on? The only correct answer is Mortgage Backed Securities or Mortgage Bonds. NOT the 10-year Treasury Note. While the 10-year Treasury Note sometimes trends in the same direction as Mortgage Bonds, it is not unusual to see them move in completely opposite directions. DO NOT work with a lender who has their eyes on the wrong indicators. Make sure you are working with an experienced, professional loan originator. The largest financial transaction of your life is far too important to place into the hands of someone who is not capable of advising you properly and troubleshooting the issues that may arise along the way. Here at American Pacific Mortgage in Wenatchee, I subscribe to a service that tells me what direction Wenatchee Mortgage rates are going throughout the day. You can be assured that when you work with me, I will know which direction Wenatchee Mortgage Rates are trending and therefore assist you in the decision to lock in or float your Wenatchee Mortgage Rate.