Seattle Real Estate Mortgage Rates Today 11/2/11
Bellevue / Seattle Real Estate Mortgage Rate Watch 11/2/11: The “FED” has spoken! NO Quantitative Easing!!! YES!!! What did the FED have to say? Almost the same as the last meeting, leaving rates unchanged and Inflation subdued. They also re-affirmed that they will continue to invest in Mortgage Backed securities, which is a plus for the Mortgage Market.
So where does this leave Mortgage Rates and Housing. Mortgage Rates today are unchanged. The improvements since Monday came from the uncertainty in Greece which pushed investors into the U.S. Safe Haven which as we know helps Mortgage Rates. The global markets were expecting China to come to the Greek rescue but the Chinese President Jintao put a break on those expectations stating “China can neither take up the role as a savior to the Europeans, nor provide a cure for the European malaise”. Stern warning. Clearly the problems in the Euro are FAR from over. Did everyone in the world forget that Italy, Spain and Portugal are still in trouble. Their stories still have not come forward and when they do it will for certain cause more uncertainty. Uncertainty clearly providing support and opportunities for low rates in Mortgages.
The Federal Reserve’s Ben Bernanke will hold a public press conference today. The stock market is now awaiting for his comments for any further insight.
Big announcement from Team Mortgage Real coming soon, stay tuned.
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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