November 24, 2017

Seattle Real Estate Mortgage Rates Today 3/23/2011

Seattle / Bellevue Real Estate Mortgage Rate Watch: Concerns coming from Japan as the Nuclear contamination has hit their water supply. This has pushed some investors into the “Safe Haven” trade. This comes on the announcement Japan will need north of $300 Billion to rebuild and recover. Wall Street and the global markets are watching this because Japan is the second largest holder of U.S. debt, first being China. If they begin to sell their U.S. holdings to raise capital to fund the recovery, this may have a direct impact on the yields and Mortgage Rates. We will cover the story as it unfolds.
Concerns over the Euro are far from over. Greece and Ireland are reporting hefty double digit yields as they try to draw investors in to sustain their economy, which has draws even more concern over possibly defaulting. This may come as a benefit to the “Safe Haven” trade in the U.S. as we have seen will help to reduce rates. BUT this is still a big if, for now this is being overshadowed by the situation in Japan and the Middle East.
The Treasury is also being closely watched by Wall Street as they prepare to begin the Sale of their Mortgage Backed Securities positions in the tune of $500 Million each business day. Added supply to the market with a possible lack of buyers will also pressure rates. Yet another story to watch and we will cover this for you.
In closing to the MEDIA giants and sited economists who take each months housing report and toast or roast the markets, as now they are bashing the housing market with the recent data. We have this to say. We speak with people everyday who are excited about homeownership and the common bond with all of these people who we have the privalege to assist is it is that they realize the opportunity in the market to buy at a time when both interest rates and housing prices are low. The American Dream is still to own a home, still a far cry from the American Dream to Rent as media is hyping.
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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