Seattle Real Estate Mortgage Rates Today 2/7/2011
Seattle / Bellevue Real Estate Mortgage Rate Watch: Without economic data fueling the markets today, the bond market traders are SPOOKED by the concerns of Global Inflation. Interest Rates hikes in many countries around the world are being speculated to control inflation. These rate hikes will ADD pressure to the United States BOND market as investors look to capitalize on the greatest rate of return NOT being in the U.S. but in foreign markets. This added pressure will push yields and rates gradually higher.
This week also brings AUCTIONS: Tuesday $32 Billion in 3 Year Notes, Wednesday $24 Billion in 10 Year Notes and Thursday $16 Billion in 30 Year Bonds. Keep in mind MORTGAGE RATES are closely tied to these auction results. Results released at 10:00 AM Pacific Time. If we continue good auctions results as seen last week we may see the rates improve slightly, if investors have no appetite we could see rates move higher from here.
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