Bellevue and Seattle Real Estate Reel Mortgage Rate Watch:  All eyes on……. Yes once again the Federal Reserve.  Not Ben Bernanke, the individual Board members who will be interviewed throughout the week.  What the market, meaning Wall Street is waiting to hear is, how much money will be allocated, what will be purchased, and for what time period.  To homeowners this is crucial, if you revisit the actions of the Federal Reserve in 2009 Quantitative Easing stabilized mortgage rates throughout 2009.  The market is anticipating the same in 2010.  With QE2 will the interest rates be pressured lower.  This all depends on a cocktail mix of foreign markets, the weakness of the dollar, how much and what will be purchased and for what time period. 

We encourage any homeowner who is considering refinancing to choose your lender and begin the process.  Have the loan fully approved pending an appraisal and float to lock. 

We will continue to update you on any breaking news.  Make sure to follow us on Twitter and our Facebook page.  Be back tomorrow.