Seattle Real Estate Mortgage Rates Today 10/12/2011
Seattle Real Estate Mortgage Rates Today 10/12/2011: RATES are on the MOVE….. HIGHER. Bad bond auction result on the 10 Year with a “D-” grade, Europe showing signs of improvement as investors move out of the U.S. Safe Haven and the Stock Market gaining strength. This all has negative impacts on Mortgage Rates. Why? When funds are moving out of the Bonds and Treasuries yields rise to attract investors. Keeping in mind as we mentioned in previous posts the stock market is being fueled by the end of year pressure to perform. Investors & Fund Managers are trading actively to close the year as strong as possible to show high yields to attract new investors for 2012. This pattern is clear year after year and has pressured Mortgage Rates higher in the fourth quarter.
The news in Europe is being overplayed as they still have a very long way to go with more problems brewing in other participating countries. When trouble hits the media it will create opportunities for rates to be pressured lower. The key here is timing and being ready to take advantage of the market.
There is also news coming from Washington D.C. as Timothy Geithner prepares to announce his refinance plan in the coming weeks. This could have a significant impact to the housing recovery if it encourages and creates an opportunity for people to stay in their homes. We will keep you posted.
Timing is everything just as location of the home is critical. Timing in securing an interest rate, BEST rate, is working with a mortgage professional who has their pulse on the market and when best to advise and educate their clients when timing is right. Along with this key knowledge is to be on top of all of the lending and underwriting changes which seem to almost happen daily. We at the Mortgage Reel are Licensed Washington Loan Originators, serving clients with transparency, knowledge and most importantly keeping your goals in mind. How can we assist you today?
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