Seattle Real Estate Mortgage Rates Today 2/8/2011
Seattle / Bellevue Real Estate Mortgage Rate Watch: China, Brazil, Feds… All in the news stirring the pot of INFLATION! Today Fed Presidents Jeffrey Lacker, Dennis Lockhart and Richard Fisher are all set to speak at different times about their opinions on Quantitative Easing 2. The question of is it still necessary and if the economy really needs $600 Billion more to keep it moving forward? The stock and bond markets are closely monitoring these interviews for any indication of how and if the plan will continue. Keeping in mind the whole goal of QE2 is to boost stocks, increase INFLATION and lower unemployment. INFLATION is NOT GOOD for mortgage rates.
And speaking of INFLATION China is once again in the news. The People’s Bank of China raised its rates once again by another .25% to tame inflation and its impacts on consumer prices. China by far is the leader currently in growing economies. BUT now Brazil has reported the HOTEST rates of Inflation in six years. Here again INVESTORS are seeking the greatest rates of return for their portfolio. If the return is greater outside of the U.S. money moves out and pressures YIELDS in the U.S. to rise, this directly impacts mortgage rates. As yields Rise so to MORTGAGE RATES.
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