Seattle Real Estate Mortgage Rates Today 12/13/10
Seattle / Bellevue Real Estate Mortgage Rate Watch: CHINA…….. did not raise rates AND the markets are taking this as GOOD news. The People’s Bank of China will rely tightening the bank’s reserve and lending requirements instead of a rate hike. This is coming as good news to the U.S. Bonds this morning.
Tomorrow the Federal Reserve will be headlined with their Board Meeting which the market is speculating comments on QE2. More importantly for HOMEOWNERS is their potential comments on the spike in Mortgage Rates since QE2 was announced. Rates jumping too high too fast could stall the housing market in a already delicate economic recovery. The market is expecting comments to boost confidence in LONG TERM U.S. bonds to spur investors back in. This will help to take the pressure off mortgages and hopefully ease RATES.
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