Seattle Real Estate Mortgage Rates Today 11/9/11
Seattle Real Estate Mortgage Rates Today 11/9/11: ITALY is taking the lead now over Greece in media…. Who Cares? Well the market does, early this morning the Stock Market once again sold off on Uncertainty. The Bond market and Mortgage Backed Securities benefitted on the growing concerns in Europe’s financial system. However just as fast as investors moved in they moved right back out as we witnessed at 10:00 AM. The 10 Year Bond auction performed at very weak levels, triggering a sell off. This see-saw in trading is causing the same volatility in Mortgage Rates today with most lender’s poised for a mid day price change ticking slightly higher.
There is not a long term fear that Mortgage Rates will push above 5.00%, however we will continue to see great opportunties to secure low rates. We are keeping an eagle eye on the 10 Year bond which economists have speculated to fall below 2.00% into the mid 1.00% range. Why is this interesting? Lenders across the board are speculating should this occur Mortgage Rates could dip even furhter below the historic low rates we have seen in the last 24 months. Question? Will you be ready to take advantage of this opportunity?
Need guidance and assistance? GREAT! We are releasing a series of educational posts to assist and prepare you to secure a low rate for a timely refinance. There is no cost! All you need is to be ready in advance.
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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