Bellevue / Seattle Real Estate Mortgage Rate Watch: Mortgage Rates holding from last weeks nice gains, BUT China had a Christmas Surprise by RISING their lending rate by .25%. This is the second HIKE since October this year. The People’s Bank of China is fighting INFLATION that has risen by 5.1% year over year.

With Wall Street trading light for the Holiday week. This move by China may pressure the U.S. bond Markets to react in the short term to keep investor funds. HOW? By increasing yields to keep those funds invested in our market. BUT keep in mind that this will come at the cost of RISING rates, which will pressure MORTGAGES to also move higher. Watch TODAYS video for more insight.

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