Seattle Real Estate Mortgage Rates Today 4/13/11
Seattle Real Estate Mortgage Rates Today 4/13/11: Mortgage rates are reacting to yesterdays stock market dive of over 100 points. This has helped to pressure rates slightly lower, however it is not MEANINGFUL yet. Why? Because of a mediocre 10 year bond auction today which received a B- rating still does show that investors are not sold that the U.S. government has a strong foothold on the budget. Also to consider as an investor if you know that sometime in the short term inflation will be a concern and it will pressure yields higher would you be willing to make a long term investment in today’s market pricing. Maybe not and this could be the sentiment that many have until more certainty comes from the U.S. budget.
Fed presidents have their opinions and they are not shy about stating their positions. Depending on which Fed President makes a comment ahead of a Federal Reserve meeting can have a impacts on rates. One opinion that is becoming more and more clear is how the FED will fight inflation down the road. Today it has not a impact but it is becoming clear that it will one day soon. This is definitely a clear warning to the home ownership market. Even though housing has not stabilized across the country the same house today could cost more before the end of the year due to gradual rise in rates. Consider since the disastrous announcements in Japan rates have risen now consistently for three weeks. NOT a sharp rise but a gradual that cannot be denied.
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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