Year: 2010

Seattle / Bellevue Real Estate Mortgage Rate Watch: The Federal Reserve yesterday stood firm saying it will move forward with Quantitative Easing 2 of $600 Billion buying program. This pushed stocks to the highest levels in two years. This being the result the Feds want comes at the expense of Bonds which were under tremendous […]

Seattle / Bellevue Real Estate Mortgage Rate Watch: 11:15 PT will be the Federal Reserve meeting and the market is waiting for comments from Ben Bernanke.  More so for HOMEOWNERS on what comments they will have regarding the sudden spike in INTEREST rates since QE2 was announced.  Keep in mind, QE2 was SUPPOSED to keep […]

Seattle / Bellevue Real Estate Mortgage Rate Watch: CHINA…….. did not raise rates AND the markets are taking this as GOOD news.  The People’s Bank of China will rely tightening the bank’s reserve and lending requirements instead of a rate hike.  This is coming as good news to the U.S. Bonds this morning. Tomorrow the […]

Seattle / Bellevue Real Estate Mortgage Rate Watch: Attention still is focused on China as their economy still shows signs of growth.  The People’s Bank of China reported that exports jumped 35% from last November.  China’s economy grew 9.6% which is causing the concern of inflation and them HIKING rates over the weekend. This is […]

Seattle / Bellevue Real Estate Mortgage Rate Watch: Rates trying to take a breather today….. and…… it’s over, back to VOLATILITY.  After a significant 2 day sell off we are touching some of the highest levels in rates over the last 30 days.  Today at 10:00 there are $13 billion in 30 Year Bonds being […]

Seattle / Bellevue Real Estate Mortgage Rate Watch: OUCH!!! Rates jump higher yet another day.  HAVE WE PASSED THE BOTTOM? At this time it appears we may have.  No one knows what will happen in the future with the economy but right now it is easier to “sell on the news” and this is what […]

Seattle / Bellevue Real Estate Mortgage Rate Watch: President Obama extending the TAX Cuts for two years has the Stock Market in a RALLY moving HIGHER coming at the cost of bonds.  Many economist felt that if the tax cuts were NOT extended then the economy would falter.  ALSO pressuring rates is the EXTENSION of […]

Seattle / Bellevue Real Estate Mortgage Rate Watch:  We are off to a good start this week home owners…. Over the weekend Ben Bernanke was interviewed by 60 Minutes on the state of the economy.  We are focusing on his comments on inflation.  He went on to say the fears of inflation are “Overblown”, “100% […]

Seattle / Bellevue Real Estate Mortgage Rate Watch: Jobs report is a big disappointment, rising 0.2% higher to 9.8%, but Wall Street seems to be shrugging it off based on economic data that still points we are on pace for recovery.  Many economists state that employments is a lagging indicator of economic recovery.  Only time […]

Seattle / Bellevue Real Estate Mortgage Rate Watch:  Three major plays that shook the market yesterday, China with good economic data, European Central Banks considering more Quantitative Easing and Mortgage Backed Securities being sold off HUGE by portfolio investment managers.  This resulted in 3 price changes HIGHER in rate at a cost of .25% in […]