December 15, 2017

Seattle Real Estate Mortgage Rates Today 9/15/11

Seattle Real Estate Mortgage Rates Today 9/15/11:  Are home loan rates on the rise?  While global uncertainty and weak US economic data accompany Mortgage Bond’s all-time highs, any positive news regarding bonds will not be able to keep bonds from moving lower.  Should inflation take place, bond investors will require a higher yield to offset any buying power inflation inflicts on a fixed payment; thus mortgage rates may rise.

What’s the Misery Index?  The Misery Index is the sum of the Unemployment Rate, which is currently at 9.1%, and the Consumer Price Index (CPI), which is currently at 3.8%.  At a staggering 12.9%, this is the highest we’ve seen this index in almost 30 years.  Not so good.  This index will continue to rise if consumer confidence is stagnant or decreasing; we need some clarity and certainty from the government now.

Should inflation begin to emerge from the depths, there may be no stopping it as it will manifest quickly.  When we saw elevated inflation numbers, Fed Chairman Ben Bernanke stated that those readings were “transitory” and prices will stabilize.  As we are already experiencing a weakened economy, there is no room for further slowdown to assist in stabilizing prices.  That could actually push us in to another recession.

What should we do now?  We need to keep a close eye on future inflation readings and note if an increase in inflation may materialize.  Should inflation find itself on the rise, the expected low rates through 2013 may come to an end.

Please see the recent reviews we have received on the Yelp page as well!

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