November 24, 2017

Seattle Real Estate Mortgage Rates Today 3/2/2011

Seattle / Bellevue Real Estate Mortgage Rate Watch: Rates will remain low for an “extended period” from Big Ben Bernanke today closing the second day in front of the Senate Finance Committee.  Big Ben also stood firm that Quantitative Easing 2 will not be scaled back and will be fully injected into the economy. QE2 = create inflation, drive up the stock market & lower unemployment. Inflation will likely remain low through 2013….. in the very next statement, inflation is impacting the consumers as the price on OIL rises.  HMMM….. THAT IS INFLATION.  Well without going on a tangent with that thought.  Rates currently continue to enjoy the ride from the Crisis in the Middle East.  BUT keep in mind as a forewarning, strip out the U.S. Safe Haven where many investors are sheltering funds due to the crisis and rates would be right back above 5.00% today.  The low rates of 2010 & 2009 are now in the books as history.  Weather Bernanke is right or not inflation will linger around for years to come, which will only pressure rates higher over time.

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