Seattle Mortgage Rates Today 3/13/12: It’s Fed Day…what say you?  With the Federal Funds Rate staying put at 0-.25% for the next couple of years, we need to pay attention to the Fed’s Policy Statement.  What we need to listen for are hints of a possible quantitative easing (QE3).  The Fed’s are walking a fine a line and they need to be cognizant of their delivery of the Policy Statement.  If they are too optimistic, the Bond Market will be negatively affects; alternatively, if they are excessively pessimistic, the Stock Market will suffer.  We will most likely hear more of the same stating that the economy is improving but at a modest pace.  Remember, a few weeks ago when Chairman Bernanke spoke to the Senate Banking Committee and gave no clue about QE3, we saw the bond market fall.

With historically low rates, can you afford not to refinance or purchase your next home now?  Please give us a call and let’s discuss your options for refinancing or purchasing your new home.