Seattle Real Estate Mortgage Rates Today 11/30/10
Seattle / Bellevue Real Estate Mortgage Rate Watch: Continued concerns in Europe causing investors to move funds to the U.S. bond market as a safe haven. For home owners this is a benefit because mortgages are traded on Mortgage Back Securities which are commoditized in the bond market. When yields are pressured lower rate also move lower. As we have metioned in our previous posts, while the woes in Europe help rates the economic data in the U.S. continues to show signs of recovery which is a plus, but can pay against rates.
What is also very important to keep in mind is when the European countries begin to show signs of stability the funds will leave the U.S. bond markets which can cause a sudden surge in rates. So once again Timing is crucial to achieve the best rate for your financial goals.
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