June 24, 2017

Seattle Real Estate Mortgage Rates Today 6/14/11

Seattle Real Estate Mortgage Rates Today 6/14/11: Highly suspect of our post yesterday.  INFLATION no matter where it shows up has a NEGATIVE impact on the Bond market and pressures Mortgage Rates HIGHER.  Even though Retail Sales in the U.S. beat the market expectations it is news from over seas in China that has the market moving. China’s Industrial growth SPIKED by 13% fueling fears of inflation.  As the news broke in the U.S. early this morning the Bond market reacted quickly, Bonds HATE the INFLATION.  When bonds make a move so do mortgage rates which we are seeing across the board this morning as rates have moved higher.

Economic Analysts this morning in financial media have discussed that we may have passed the low points of the bond market for the short term as the U.S. still has to deal with the Debt Ceiling and how government is going to move forward with a real plan.  My personal opinion is that until the political tug a war for the next presidency is decided the economy cannot have a meaningful recovery.  Makes you wonder how much politics is really in play right now to help or hinder the economy.  Sorry that was a sidebar thought.  Back on track.  Tomorrow brings the Consumer Price Index.  Thursday numbers on Jobless Claims and Housing Starts.  Both days will bring volatility, if the numbers miss market expectations we could see some relief in the bond market, BUT if they beat the streets, mortgage rates may be the only thing receiving a beating.

Timing is everything just as location of the home is critical. Timing in securing an interest rate, the 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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  1. Inflation definitely has a greater impact than most people believe. Furthermore, now is a horrible time for inflation when families are struggling to stay in their homes and are unable to find jobs with the high unemployment rates. Between the high gas prices, inflation on everything from milk to clothing, and high unemployment rate–obviously the middle and lower classes are suffering.

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