Year: 2010

A number of variables can impact the mortgage rates this week. Starting off with inflation, housing permits, and initial jobless claims. Next Tuesday, the Treasury Department and the White House are hosting “Conference on the future of housing finance.” Talks about Fannie Mae and Freddie Mac will be discussed.

Weak job reports held mortgage rates at the current low fixed rates. This week The FOMC meeting starts on Tuesday. This is huge to see what plans the Feds have for the economy.

Seattle Mortgage Rates remain at historical lows. European banks passed the stress test, so money may flow out of bonds to Europe increasing mortgage rates. If the US stock market rallies, it will be at the expense of bonds so watch closely.

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.

Local Seattle & Bellevue Home Mortgage rates remain at historical lows for real estate homes. Duplex, Triplex, Investment, Condos, and primary real estate rates are all below average for short and long term fixed terms. Ask about “Guaranteed Closing Costs”

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!

Mortgage rates are holding at historical lows allowing all Seattle real estate owners and investors to lock in low FIXED RATES. If you are in contract to buy or looking to refinance, HUGE OPPORTUNITY.