Happy Thanksgiving from all of us here at the Mortgage Reel.

Seattle / Bellevue Real Estate Mortgage Rate Watch:  After the Federal Reserve Minutes being released yesterday, Big Ben Bernanke acknowledged the weakening of the U.S. Dollar to stimulate the stock market and to spur economic recovery in the United States.  As the statement goes “don’t fight the Fed” they are still proceeding as planned with QE2.  Though this is good news for the U.S. recovery it plays against home owners who are on the fence waiting for lower rates.  At this point we are now hitting the bottom of the market.  We will have days of volatility like yesterday where global news on North Korea attacking South Korea shook the markets and cause rates to lower some, but overall with economic data in the future pointing towards better news rates poise to move higher. 

Thank you again to all of our past clients and viewers who have inspired us to take the Mortgage Reel to the next level.