December 16, 2017

Seattle Real Estate Mortgage Rates Today 9/22/11

Seattle Real Estate Mortgage Rates Today 9/22/11:  Hold on to your hats folks and get ready for the ride.  Following the Fed’s statement yesterday, Bond markets rallied higher.  Furthermore, with “Operation Twist” and the Fed announcing that they will reinvest in mortgage backed securities, bonds skyrocketed with stocks being the sacrificial lamb.  Additionally, the problems across the pond are negatively affecting stocks.

Again, with the “aura of pessimism” floating about, markets continue to be negatively affected.  And we duly note that there has not been any positive change in the economy, generally speaking.  After the Fed’s statement yesterday—and heightened fear and concern—mortgage rates have hit historical lows; but do not expect to see all the gains passed along to the consumer.

Inflation has moderated?  By what standard is Chairman Bernanke comparing it to?  If you take a look at every indicator over the past several months, one must acknowledge the steady rise.  It looks like the Fed is two-faced; they are feeding money to assist in lowering rates but not acknowledging that the economy is still struggling.  Lower rates do not help the economy, jobs do. 

Double dip recession?  Yes, as we hear of talks concerning another recession, investors look toward the safe haven of Treasuries and Mortgage Bonds.  Once again, don’t expect rates moving much lower.

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