Seattle Home Mortgage Rates July 26, 2010

Bonds improved with Bernanke’s statement “the economic outlook is uncertain.” When bonds improve, home mortgage rates improve. This week is important as Treasury auctions take place, China is a huge investor, but recent numbers show China has pulled back. If the auctions have poor results, interest rate can climb.

Seattle Home Mortgage Rates July 12, 2010

Impacting news this week, USA retail sales, measurements of inflation, and the minutes from the last Fed Meeting. Treasury Department has $69B set to sell in 3yr notes, 7yr notes, and 30yr this week. Most important is Europe claims banks are financially solid? But Italy is named next for financial trouble. Watch closely as the European news can change interest rates quick!