Seattle / Bellevue Real Estate Mortgage Rate Watch: 30 Year Bond Auction A+ rating and no rate improvement? Why? Today Jobless Claims came in lower than expected which should be good for the bonds, BUT no movement. A+ 30 year bond auction which should be good for bonds, but no movement. Oil prices fall good […]
Auction RESULTS in……… INVESTORS LIKE and BUY BUY BUY
Rates getting a boost today after a SOLID A rating which should help to pressure rate to improve. Still waiting for lender reaction which should soon. The Mortgage Market needed these results today to maintain and stabilize at the current rates.
Seattle Real Estate Mortgage Rates Today 3/9/2011
Seattle / Bellevue Real Estate Mortgage Rate Watch: No economic data, all attention on today’s 10 Year note auction at 10:00 AM PT. Looking back at yesterday with a mediocre result from the auction results and a warning of INFLATION spooked the market and prices worsened mid-day. Today we are hopeful for the 10 Year […]
Seattle Real Estate Mortgage Rates Today 3/8/2011
Seattle / Bellevue Real Estate Mortgage Rate Watch: Geither states the economy is improving and better than several months ago. Allies of Gadaffi rumor a plan his exit. Both reports are shifting investors out of the U.S. Safe Haven pressuring bonds & mortgage rates to tick up higher. Dow Jones has jumped over 140 points […]
Seattle Real Estate Mortgage Rates Today 3/7/2011
Seattle / Bellevue Real Estate Mortgage Rate Watch: Gadaffi’s Power and Rumors of Leaving stirring the pot as OIL continues its spike in prices. As the price per barrel continues to rise the concern here in the U.S. is Core Inflation. Core Inflation is rising sharply in all goods that we buy everyday. Groceries, clothing, […]
Seattle Real Estate Mortgage Rates Today 3/4/2011
Seattle / Bellevue Real Estate Mortgage Rate Watch: Unemployment Rate Drops! Economic Recovery continues, BUT rates IMPROVE. That is against reason. Lets break it down. The Unemployment Rate drops from the previous months reading of 9.0% to 8.9% which is great news for the economic recovery. This would come as bad news to bonds as […]
FHA Increases the Annual MIP on April 18, 2011
To follow the established rules for the required reserve requirement of the Mutual Insurance Fund, FHA will increase the annual mortgage insurance premium (MIP). The increase of .25% (25bp) was announced. To avoid this increase you must have your case number assigned on or before April 14, 2011. FHA recently increased the annual MIP to […]
Seattle Real Estate Mortgage Rates Today 3/3/2011
Seattle / Bellevue Real Estate Mortgage Rate Watch: Jobless Claims Lower, Signs of Improvement in Employment, Peace Talks in Middle East & the Fed Beige Book. RECIPE for market mover in rates. Lets begin with the Fed Beige book yesterday. The insight of it was INFLATION is rearing its ugly head which is the arch […]
Rates MID DAY price change WORSE
Rates are moving HIGHER reacting to the Fed Beige Book which unveiled guess what???? Concerns over INFLATION which directly spooked the bond markets and pushed rates higher.
Seattle Real Estate Mortgage Rates Today 3/2/2011
Seattle / Bellevue Real Estate Mortgage Rate Watch: Rates will remain low for an “extended period” from Big Ben Bernanke today closing the second day in front of the Senate Finance Committee. Big Ben also stood firm that Quantitative Easing 2 will not be scaled back and will be fully injected into the economy. QE2 […]