Seattle Real Estate Mortgage Rates Today 11/9/10
Seattle / Bellevue Real Estate Mortgage Rate Watch: INFLATION, the concerns of inflation have taken over debates on Quantitative Easing 2. As the global economies digest the decision of the Federal Reserve and the U.S. dollar weakens in value, inflation once again returns. “Don’t fight the Fed” has become the talking point of economists. As of now it may appears deflation is under control. However mortgage rates do not react well to inflation concerns. This week we began with signals that rates would move higher, today we continue to move in this pattern. This is not a concern that rates will spike, but may not move any lower than current levels. Rates will be moved more by economic news for the weeks to come. Good news will most likely result for rate moving up. Good news also brings more fuel for the conversations of inflation which is bad for mortgage rates.
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