Seattle / Bellevue Real Estate Mortgage Rate Watch: Warren Buffet in the media today being quoted for not liking the bonds for a long or short term investment.  This could be tied directly to the QE2.  Republicans are now joining the heated debate to have the Fed pull back on QE2.  Keep in mind that the Fed acts independently of the government.  What caused rates to move lower?  Referring to our previous days post it will all come down to economic data released about the state of the U.S. economy.  Today the Consumer Price Index came in lower than expectations which pulled temporarily the fueling of inflation.  TEMPORARILY is a key here because by 10:30 today we have new pressures emerging on Mortgage Backed Securities to pressure rates higher.  KEY is all about timing, be ready to take action which in the end can result in savings of hundreds a month and thousands in closing costs. 

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