Seattle Home Mortgage – mortgage rate news 8-17-2009

Mortgage Rates Drift Lower as Interest Rates Head Down, here in the Seattle Home Mortgage area as well as Nationally.

Mortgage-Rates-Drift-Lower-as-Interest-Rates-Head-Down, Mortgage rates are down this week over last week as 10-year Treasury notes are back below 4.50 percent as of this morning, brought on by a consumer confidence report on Friday showing a surprising drop in the Reuters/University of Michigan index.

Although the recession is expected to end this year, people are feeling less optimistic about their personal finance at anytime in the past 60 years. This information a courtesy of Monitor Bank Rates.com