December 14, 2017

Seattle Real Estate Mortgage Rates Today 6/24/11

Seattle Real Estate Mortgage Rates Today 6/24/11: Roller coaster ride in domestic and global news pushed mortgage rates all over the board this week. The continuing saga in Greece weather to bail out or not, to DO something or not…… kind of like our local government in the U.S. Sense some similarity here, well that is exactly what Moody’s is thinking. Rating firms like Moody’s have down graded the Euro in recent months and have WARNED the U.S. that it stands to loose its triple a rating for the first time since the depression. What would this do, to say the least it would be catastrophic on the economic recovery of the U.S., mostly because of the further devaluation of the dollar and disbelief that we can repay our debt. BOTH would lead to severe inflation.  ARE we there yet?  Not yet but BIG BROTHER has to take some action and send a message to the world that we have it together.

Big Ben Bernanke and the Fed held their two day meeting only to come out and reaffirm that we are in a very slow growth mode with employment lagging.  He once again affirmed that inflation is “transitory” and even though recent reports showed inflation heating up he expected that it was reflective of higher energy costs earlier in the year.

With all of this news and buzz in Wall Street we now listen a little closer to the economists who are forecasting a pull back in stocks.  Here is a point for home owners to pay close attention to right now.  When Wall Street goes into the red and sells off, look at the bonds, Mortgage Backed Securities benefit which pressures mortgage rates LOWER.  At least at this time.

Watch todays segment to see why rates still have not been able to move lower.

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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