August 24, 2017

Seattle Real Estate Mortgage Rates Today 4/26/11

Seattle / Bellevue Real Estate Mortgage Rate Watch: The Federal Reserves Bond Purchase program a PONZI Scheme? This is the bold comparison made by PIMCO’s bond strategist Anthony Crescenzi. Coming on the first day of the Federal Reserves two day meeting concluding tomorrow with their first public address held by Ben Bernanke. The market will be dissecting every word and statement referring to the current economy, where we are headed, the fate of inflation and was Quantitative Easing 2 successful almost $600 BILLION later.

The 2 year auction received a C+ grade and had little impact on the bond market.  Even though Wall Street is trading higher on strong earnings reports from 3M and Ford the bond market is holding on anticipation of announcements in tomorrows meeting.  BEWARE that a SELL OFF may be coming as bonds may have traded lower on hype an once news hits it can all change and move higher.  We will post the news as it breaks tomorrow and the impact on mortgage rates.

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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