June 24, 2017

Seattle Real Estate Mortgage Rates Today 3/17/2011

Seattle / Bellevue Real Estate Mortgage Rate Watch: Buy on the HYPE & SELL on the news. Japan able to somewhat stabilize the nuclear reactor and this has been taken as good news as the stock market reacted optimistically. Money moves into the U.S. bonds & treasuries as a Safe Haven during uncertainty. As the uncertainty is lessoned and risk levels drop, those funds that came to the benefit of lowering mortgage rates once again move back out. In direct correlation mortgage rates react negatively and move higher as funds shift out of the U.S. Safe Haven trade.
Continued concerns in Libya have some investors moving into the U.S. Safe Haven which is causing a volatile see-saw in MONEY movement. However the news in Japan has the heaviest weight almost minute by minute as news breaks.
Keeping in mind that due to the events in Japan and the Middle East a significant amount of money has shifted into the U.S. Safe Haven, as developments come out of both regions that are positive those funds “parked” in the U.S. will shift out causing pressure on mortgage rates to move higher. Prior to the both events rates were pressuring nationally 5.00%. This can change quickly.
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?

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