Bellevue and Seattle Real Estate Mortgage Rate Update:  Mortgage Rates started off worse this morning after receiving nice gains late yesterday.  The market is currently holding as the day continues.  There are two major releases today; first being the Treasury Auction for the 5yr notes and the Feds will release their rate and monetary policy statement. 

This morning at 10am PT the 5yr auction results are in, we received an “A” grade which is a positive sign.  With the positive outcome the bonds received a small improvement but not quite enough to receive a price improvement. 

The speculation is the Feds will leave the Fed Funds Rate as is.  The thoughts on economic recovery, inflation, and QE2 will be crucial going forward.  Stay tuned as updates will be posted on twitter!