Seattle Real Estate Mortgage Rates Today 12/6/10
Seattle / Bellevue Real Estate Mortgage Rate Watch: We are off to a good start this week home owners…. Over the weekend Ben Bernanke was interviewed by 60 Minutes on the state of the economy. We are focusing on his comments on inflation. He went on to say the fears of inflation are “Overblown”, “100% confident that the FED can control inflation and reverse it’s accomodative policy when necessary”, “We could raise interest rates in 15 minutes if we have to, so, there really is no problem with raising rates, tightening monetary policy, slowing the economy, reducing inflation, at the appropriate time.” These comments are helping the Bond Markets and Mortgage Backed securities.
Also assisting in the rates improving are the continued concerns in Europe. Keep in mind that the U.S. Bond markets are the safe haven when concerns like this arise so it is a benefit to rates.
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