Another simple tool to help understand the mortgage industry and what is directly impacting the market daily or weekly. For many people daily information is overwhelming so please subscribe to our free weekly newsletter.
Seattle Real Estate Mortgage Rates Today 9/22/11: Hold on to your hats folks and get ready for the ride. Following the Fed’s statement yesterday, Bond markets rallied higher. Furthermore, with “Operation Twist” and the Fed announcing that they will reinvest in mortgage backed securities, bonds skyrocketed with stocks being the sacrificial lamb. Additionally, the problems […]
Seattle Real Estate Mortgage Rates Today 9/21/11: Hold on, it’s time for Fed Chairman Bernanke to speak on their monetary Policy Statement. From our earlier post this week, there was speculation about “Operation Twist”—the Fed would purchase long-term government securities and sell the currently held short-term paper. The speculation of “Operation Twist” is stronger than […]
Veteran Affairs (VA) Home Loans received an improvement for loans closing on October 1, 2011.
Seattle Real Estate Mortgage Rates Today 9/20/11: Greece has a bailout? Talks will continue between the IMF, European Central Bank, and European Union. The agreement is very close as the talks will continue next month in Athens. The positive steps to an agreement for Greece have taken away from the bond market today. Again when […]
Seattle Real Estate Mortgage Rates Today 9/19/11: Greek debt crisis? Last week French President Sarkozy and German Chancellor Merkel said they were convinced that Greece will remain part of the Euro. However, financial markets still see the Greek debt crisis totally unresolved and even worsening. But as you can see, Mortgage Bonds opened higher and […]
Weak US economic news continues as the recovery remains slow. The weak news has helped mortgage rates maintain at the low levels for 2011. Without job stability and a favorable workforce in the US, the housing market will continue to drag in high impact areas.
Seattle / Bellevue home loan rates continue to hold strong at low levels for 2011. While mortgage rates remain close to the ceiling of resistance, now is a great time to lock since we have not been able to break this low level in the past 45 days.
Local Seattle Mortgage Rates continue to ride the up and down cycle. Mortgage bonds have not been able to break the ceiling of resistance to improve consumer mortgage rates. The ceiling has been tested 3 times in the past 45 days.
Seattle Real Estate Mortgage Rates Today 9/9/11. Obama announced a larger than previously speculated Jobs plan. The previous rumor was for $300B but the President proposed a $447B plan that included tax cuts and spending initiatives to help boost economic growth. Will this course of action really pass or create a gridlock towards the US […]
