Interest Rate Watch for Seattle & Bellevue Real Estate 9/7/10
Rates regaining ground from last weeks losses. Mortgage rates open better on Tuesday, 9/7/10. There will be little economic news out this week to move rates. President Obama rolls out yet another $50 Billion plan on Wednesday. If the stock market does not receive his plan well and sells off look for opportunities to secure a low rate this week. Economists are in agreement that the housing stimulus/tax credit was ineffective, urging the White House NOT to implement a new one and let the Real Estate market takes its own course.