Seattle Real Estate Mortgage Rates Today 1/4/2011
Bellevue / Seattle Real Estate Mortgage Rate Watch: Follow the Leader? Warren Buffet is making MOVES. His company Berkshire Hathaway sold $1.5 Billion in Fixed Debts to REFINANCE their ADJUSTABLE RATE Loans. YES, that is correct. One of the Wealthiest men in the world and HIGHLY successful investors which many follow is making a move. WHY? Most likely to hedge future rising rates as this may be the best it will be in the future since the economy is on the upbeat path.
More pressure on interest rates as speculation comes from Europe potentially hiking rates in 2011 which was not forecasted last year. Why? To combat rising costs in energy which will trigger the rate hike to control inflation. When investors look for the best return on the dollar. They will have to pay attention to what is happening over seas. The U.S. BONDS and Treasuries will not be paying as high of a yield so over seas investments will be more appealing. This added pressure will cause yields to rise triggering rates to rise also.
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