Bellevue and Seattle Real Estate Mortgage Rate Watch 10/21/10
Bellevue / Seattle Real Estate Mortgage Rate Watch: St. Louis Fed President James Bullard is set to speak twice today beginning at 1:00 eastern time. As we have been commenting as we lead up to the Federal Reserve board meeting November 3rd, the market tries to pinpoint what to expect. Yesterday Medley Advisors speculated that they believe the Federal Reserve will purchase $500 Billion worth in U.S. Treasuries over the next six months. This is very similiar to the purchase program in 2009 which kept interest rates at record breaking lows through much of the year. If history replays itself then we could see much of the same with pressure on interest rates to move lower through the end of 2010 and into the first half of 2011.
Make sure to follow us on our twitter page for any breaking news.