Bellevue / Seattle Real Estate Mortgage Rate Watch: The Bond Market continues to try to rally back. CAUTION in the wind still remains as we could reverse and move higher anytime. This week news from U.S. economic data will stir the markets which comes on Wednesday with GDP & Existing Homes and Thursday with five reports including Jobless Claims.

The Global market is paying close attention to Moody’s recent announcements of FRANCE potentially being downgraded from a “AAA” this is very important to the United States, not only because we are benefiting from being a “SAFE HAVEN” for foreign funds, BUT the U.S. is also under close watch because of our growing national debt. If the U.S. were to loose its “AAA” would be crippling to the economic recovery.

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January 2011 we will also join the www.eastsidebubble.com which has generously invited us to be share information with their network. We look forward to the collaboration! We will be back tomorrow.