December 11, 2017

Seattle Real Estate Mortgage Rates Today 7/25/11

Seattle Real Estate Mortgage Rates Today 7/25/11.  Over the weekend, many hoped to have a resolution to the US Debt Ceiling but as of now the debate is up in the air.  At least the NFL has made an agreement, so the millions of football fans have to be excited with training camp opening Wednesday. 

Democrats and House of Republicans each have plans on the debt ceiling but who is right?  Increasing the debt ceiling once to help the Government fund through 2012?  Should there be a multiple increase little by little to make sure the deficit remains under some control?  Each individual has their own opinion.  What do you think is best? 

This week $99B in 2, 5, and 7 year notes will be auctioned starting tomorrow.  The demand for these auctions will play a key role towards the volatility for mortgage bonds.  Right now mortgage bonds are not receiving a huge support because of the debt ceiling debate as well.  Overall we are not far from the previous lows about 10 days ago so it can be a great opportunity to secure your mortgage rate.

The Mortgage Bankers Association is pushing to extend the high balance conforming loan limit.  This is set to expire in September 2011.  As of right now an extension looks doable, but do not count on it until we have it on paper. 

According to Standard and Poor’s recent report, the number of US residential mortgage loan defaults has declined for the 5th time this year.  One positive sign towards the real estate recovery across the US. 

We thank the continued support from past, current and future clients.  As the local real estate market picks up, more and more questions continue to get asked.  Please contact us and hopefully we can earn your business.  Please review the business Yelp page that has recent reviews!

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