Month: October 2010

Seattle / Bellevue Real Estate Mortgage Rate Watch: After a sharp bond sell off due to profit taking bonds have found some support, for homeowners this means the spike in rates have stabilized at least for the moment.  We are now just three days out from the Federal Reserve meeting on the 3rd, without knowing […]

Seattle / Bellevue Real Estate Mortgage Rate Watch:  Have we hit the bottom?  After five consecutive days of the bond market selling off pressuring mortgage rates higher, for today it looks like we have hit a floor of resistance.  We mentioned in the days prior of profit taking in the bond market, when bonds sell […]

Seattle / Bellevue Real Estate Mortgage Rate Watch: Profit taking on bonds being sold is pressuring yields to move higher.  For homeowners it transaltes to mortgage rates also being pressured higher.  This pattern has c0ntinued for the last four business days as economists and media speculates and debates on the Fed’s actions on November 3rd […]

Seattle / Bellevue Real Estate Mortgage Rate Watch: Significant turn of view on QE2…. Media is now jumping on the inflation band wagon.  There are now legitimate concerns that QE2 will have a negative impact on mortgage rates due to the concerns of inflation.  Speculation is now pointing to interest rates reacting negatively pushing rates […]

Seattle / Bellevue Real Estate Mortgage Rate Watch: Today at 1:00 ET Philadelphia Fed President Charles Plosser will be speaking about the Federal Reserves potential actions.  In the last 48 hours we have heard twice by board members that the purchase program could be up to $100 Billion per month.  Homeowners, rates today are moving […]

Bellevue / Seattle Real Estate Mortgage Rate Watch:  St. Louis Fed President James Bullard is set to speak twice today beginning at 1:00 eastern time.  As we have been commenting as we lead up to the Federal Reserve board meeting November 3rd, the market tries to pinpoint what to expect.  Yesterday Medley Advisors speculated that […]

QE2 continues to receive attention from the Feds.  The potential outcome with QE2 will help prevent deflation and provide that boost for the economy.  The key factor is how much will be injected into the market.  Gauging the perfect amount will be tough and announced on November 3, 2010. Mortgage rates are continuing to hold […]

Seattle and Bellevue Real Estate Mortgage Rate Watch:  Atlanta Fed President Dennis Lockhart commented on the potential purchases of $100 Billion per month.  Looking back to 2009 when the Federal Reserve purchased a total of $1.2 Trillion from January 2009 to March 2010.  The goal of the Federal Reserve was to stabilize interest rates and […]

Bellevue and Seattle Real Estate Reel Mortgage Rate Watch:  All eyes on……. Yes once again the Federal Reserve.  Not Ben Bernanke, the individual Board members who will be interviewed throughout the week.  What the market, meaning Wall Street is waiting to hear is, how much money will be allocated, what will be purchased, and for […]

Good Morning and Happy Friday!  Again with the past weekly trends Friday’s have not been favorable for the bond market.  The market has been very volatile this morning and right now we are down on the day.  If you need to lock you may want to consider securing your interest rate.  If you have time, […]