Seattle Real Estate Mortgage Rates Today 4/19/11
Seattle Real Estate Mortgage Rates Today 4/19/11: Safe Haven trade still on uncertainty in Europe and the Stock Market move lower has helped bonds. But a warning from Standard and Poor’s has been made. They see a potential downgrade on the rating of the U.S. Bonds within two years if government cannot come to an agreement to have a meaningful budget cut in spending. Here is a great link from the New York Times to better understand how strong the U.S. is compared to other countries in our ability to repay our debt. It is hopeful and Wall Street believes so also that Congress will be able to set forth a plan to avoid a downgrade which would slow even further the economic recovery. However with more cuts in spending and a slower recovery the concern of deflation will once again arise and the Federal Reserve will do what it takes to curb this. Quantitative Easing AGAIN, yes a potential Quantitative Easing 3 has already been in the discussion and gambled on Wall Street. Should this happen we have to keep in mind what each QE has done to mortgage rates. Clear example going back to November 3, 2010. Quantitative Easing 2 announced by the Federal Reserve and rates jumped by almost .50% over the course of 48 hours and have not dropped to those levels since. This could be repeated if QE3 does come to play. We will obviously closely monitor this.
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?
Join the Conversation on Facebook, just click on the banner on the homepage and it will take you to our Facebook page, “How to Beat the Banks on your Home Loan” Like us when you visit and post any comments or suggestions. We want your feedback.