August 22, 2017

Seattle Real Estate Mortgage Rates Today 6/20/11

Seattle Real Estate Mortgage Rates Today 6/20/11: “Uncertainty” undoubtedly the most popular word in today’s domestic and global economy.  Uncertainty in the economic recovery of the U.S.. Uncertainty in the outcome of the financial crisis in Greece.  Uncertainty of the Euro with more countries like Spain and Portugal still ailing.  Uncertainty in the U.S. housing recovery.  These were all headline titles in the financial media this morning being debated by many economist.  And then the big blow came last Friday as Goldman Sachs forecasted the Double Dip recession.  This has the stocks and bond market trading at a wide range.  Stocks lead out the day drawing investors in and taking away from the bond market.  At this time the bonds have not been able to make a recovery after a steep sell off early in the trading day.

The Federal Reserve begins its two day meeting tomorrow, Wall Street is closely listening for any signs of a rate increase, not in the immediate term but when and why they may be raising rates.  Keep in mind INFLATION is bad and the only measure the Federal Reserve has to fight inflation is raising rates.  BUT at what cost?  If they increase rates too fast the economy will stall and if not soon enough they may not be able to control the “Run Away Inflation” that so many economist speculate.

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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  1. I think you are right in that timing is absolutely crucial–and many people make home purchases without taking into account the timing….is the best interest rate available now? What are home prices doing? etc.

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