December 16, 2017

Seattle Real Estate Mortgage Rates Today 10/21/2011

Seattle Real Estate Mortgage Rates Today 10/21/2011: QE3, Europe, Bank of America, Treasuries vs. Bonds and the housing recovery?
Crazy talk of QE3 are still coming out of the Federal Reserve from one of the Fed Governor’s Daniel Tarullo. DANIEL are you serious! The IMF just this week in very loose terms said that Quantitative Easing is not effective in the U.S. and again loosely warned that QE spur inflation. With an eerie note he related the problems of the U.S. to Greece. That sent chills in the market!

Then we have the big Bank of America. To big to fail may go down as the understatement of the century. It seems the question now is when the bank will be broken down / sold off / reorganized. This story is just breaking and will take months to unveil.

We have had some recent clients call to relate the Treasuries to Rates. Clearly today we can show that the Treasuries are not tied to Mortgage Rates, treasuries today are taking a beating and if the correlation were true Mortgage Rates would be moving much higher.

Housing recovery and Jobs. It is also clear that the housing market cannot make a meaningful recovery until the jobs market improve. This has become a very sensitive subject with the Occupy Wall Street protests growing across the U.S.. Corporate America is running lean and mean producing profits and earnings that investors expect all while not hiring more people. So where is the trade off. Many corporate leaders have come out to say that there are jobs but not enough qualified people. Others knock those who have been on Unemployment and not improving their skills through continuing education. Criticizing them for being out dated in the work force. There are clear arguments on both sides but here lies the problem. Until the Jobs market can make a meaningful recovery the U.S. Economy cannot recovery. Why? Because the recovery of the U.S. clearly lies in Housing. The stock market is strong and the economy is in the tank.

With all of this said in today’s post there are opportunities in the market, weather it is a first time purchase, upgrade to a bigger home or as an investment. The question is not about the market but when it is the right time for you.

Timing is everything just as location of the home is critical. Timing in securing an interest rate, BEST rate, is working with a mortgage professional who has their pulse on the market and when best to advise and educate their clients when timing is right. Along with this key knowledge is to be on top of all of the lending and underwriting changes which seem to almost happen daily. We at the Mortgage Reel are Licensed Washington Loan Originators, serving clients with transparency, knowledge and most importantly keeping your goals in mind. How can we assist you today?

Join the Conversation on Facebook, just click on the banner on the homepage and it will take you to our Facebook page, “How to Beat the Banks on your Home LoanLike us when you visit and post any comments or suggestions.  We want your feedback.

Team Mortgage Reel

Hire The Right Team. How Can We Assist You?

(206) 219-3088

Related content:

Leave A Reply With Facebook


Speak Your Mind