Seattle / Bellevue Real Estate Mortgage Rate Watch: 11:15 PT will be the Federal Reserve meeting and the market is waiting for comments from Ben Bernanke.  More so for HOMEOWNERS on what comments they will have regarding the sudden spike in INTEREST rates since QE2 was announced.  Keep in mind, QE2 was SUPPOSED to keep rates LOW. BUT…. Inflation concerns PRESSURED rates HIGHER.

Tax Cut Bill may be signed as early as this week by Senate then off to the President.  If this does become a BILL then it will help to spur the economy and assist the housing market regain some traction to recovery.  This is all good news for the economy, BUT it will pressure Rates HIGHER.

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