Bellevue / Seattle Real Estate Mortgage Rate Watch: B-, this was a good grade during school BUT not very good in the financial world. The 3 year note auction at 10:00 today was rated at a B-, this caused the markets to move and pushing rates slightly higher off of the best levels of yesterday.

The Federal Reserve and its members are out speaking about Quantitative Easing 2 and its future impacts on the economy. Though they are not unanimous in there outlook it is certain for now that the full dosage of $600 Billion will hit the economy. Keeping in mind the goal is to Create Inflation, Reduce Unemployment and Boost the Stock Market. So far this does seem like it is working but too early to make the call.

BIG NEWS FROM Fannie Mae and Freddie Mac on Risk Based Pricing. The same loan yesterday is NOW more EXPENSIVE today with these new changes. This is critical for both buyers and sellers to understand on how it impacts a purchase and the amount of buyers on the market for sellers. We are working on another post to break down these changes and the impacts it has on homeownership.

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