Seattle Real Estate Mortgage Rates Today 12/9/2011
Seattle Real Estate Mortgage Rates Today 12/9/2011: This whole week has been based upon Europe. Until a solid plan is put in place and accepted by the global markets investors will remain in the U.S. Safe Haven which Mortgage Rates are benefitting from. The U.S. continues to show its own resilience as Consumer Sentiment reported stronger than previous readings. This has been the optimistic tune on Wall Street as of late with many reports showing positivity in the markets.
Stay tuned to our Weekly Newsletter set to release later today for a detailed recap on the week. View our newsletter here.
Note to our current and past clients. Any events in Europe that result in a solid plan to move forward could heavily impact the U.S. Safe Haven trade which would be negative to Mortgage Rates. Why? Because investors have purchased financial vehicles like Mortgage Backed securities during times of uncertainty. A sudden exodus of funds could drive yields higher which would impact Mortgage Rates moving higher also.
Second, if the Federal Reserve does announce a plan to purchase more Mortgage Backed Securities in the first quarter of 2012, we could see Mortgage Rates push lower. However it could only be for a brief period until the market digests the move.
Last, CHINA is in the news and is being watched very closely as they have begun to leak signs of weakness in their economy. This is very interesting to investors as they have gone unscathed during the global financial meltdown. Should they begin to show signs of weakness once again the U.S. Safe Haven could benefit which could be the push to drive rates lower. Lower than current levels.
Many of these factors are what economists have been predicting to drive yields on bonds and investment vehicles like Mortgage Backed Securities. This translates to Mortgage Rates moving lower. How much lower? This will all depend on how investors react. As you can see from all of the factors above it is like a cocktail recipe. Speculation and rumors have been proven to drive the markets and much of that is keeping Mortgage Rates lower as we are in a period of time when Mortgage Rates are normally higher due to the end of the year, holiday shopping and quarterly earnings.
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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