Seattle / Bellevue Real Estate Mortgage Rate Watch: Ben Bernanke under fire again. Paris, Big Ben faces 20 Financial Leaders of the largest economies around the globe. Criticized heavily for Quantitative Easing 2, $600 Billion Stimulus plan and how it has impacted foreign economies with inflation.  Mr. Bernanke was quick to say that the blame cannot all be placed upon the United States and the accountability has to be taken by their own policies.  “Spillovers can go both ways” as several countries have raised rates to fight inflation which has had a negative impact on the U.S.

Next Week! More Auctions from the Treasuries in the tune of $99 Billion in Notes.  This will be market movers so stay tuned as we follow the auctions and break the news on the impact on mortgage rates.  10:00 AM Pacific Time is when the results are released, we will be covering the news!  Since it is a three day weekend in observance of Presidents Day, the market is trading slightly higher as investors look limit their exposure to any events that may happen over the weekend.

Have a great weekend! The sun is out!!!!!