Month: October 2010

Today’s update, mortgage bonds open flat this morning with Seattle mortgage rates maintaining current levels.  At 11am PST, $13B in 30yr bonds will be auctioned off.  So far auction results have been mixed.  Depending on the auction results we may potentially switch to a lock status for interest rates.  For now we will remain in […]

Seattle & Bellevue Real Estate Mortgage Rate Watch: The Federal Reserve minutes led to more signs that Quantitative Easing will happen in November.  The question now leans to in what shape and dollar amount.  Wall Street is benefiting today from positive corporate earnings reported by Chase and Intel.  This is pressuring bonds and for homeowners […]

Seattle & Bellevue Real Estate Mortgage Rate Watch:  Attention is on the Federal Reserve Minutes being released today.  The market will react to any comments that lead to the November 2nd & 3rd meeting.  Quantitative easing is assumed to happen, what is unknown at what level, how will the market react and how will interest […]

Unemployment report numbers are slowing overall with people finding jobs. The market continues to build on anticipation of QE2 with the Feds. Three weeks until the announcement on November 3, 2010. Until then a number of reports or remarks will be announced to impact the bonds but this will all be speculation.
Depending on the final outcome of the announcement, we will wait to see the positive or negative impacts on the bond market. Reminder, if the bond market improves, mortgage rates go lower.
Stay tuned as November approaches. Remember to follow us on twitter or our Facebook fan pages.

President Obama has signed HR 3081 which allows the county loan limits to remain at the increased levels through 2011.  For example King and Pierce Counties extended loan limit remains at $567,500.  This is a huge for real estate recovery since the current conforming loan limit remains at $417,000. The bond market continues to hold […]

Seattle & Bellevue Real Estate Mortgage Rate Watch: Homeowners will see the benefits from QE2/Quantitative Easing 2, we keep referring to this term daily because it will  have a direct impact on mortgage rates in the near future.  The ADP payroll reports disappointed all expectations today with the weak numbers being reported.  We mentioned in […]

Seattle & Bellevue Real Estate Mortgage Rate Watch:  Attention turned to Ben Bernanke for any comments regarding QE2 / Quantitative Easing.  As we mentioned this will have a high impact on mortgage rates and the stock market.  This may lead to rates not only stablizing but possibly being pressured lower.   Good news for homeowners and […]

We apologize for not having the daily post.  We were having technical difficulties. Seattle & Bellevue Real Estate Mortgage Rate Watch: Quiet day on the market today for economic news.  There is a ton of market chatter on Wall Street about QE2, Quantitative Easing Round 2.  As we lead up to the November Federal Reserve […]