Seattle Real Estate Mortgage Rates Today 3/15/2011
Seattle / Bellevue Real Estate Mortgage Rate Watch: Japan headlines global news as growing concerns over the impacts of the nuclear reactors and radiation. This has sent Japan’s nikkei stock exchange sharply lower, 17% loss which is the biggest two day loss since their stock market crash in 1987. This has shifted global investors to the U.S. Safe Haven which the Bonds and Mortgage Rates benefitting today. This comes with caution as these rates could be short lived. Once Japan is able to stabilize the reactors rates may stand for more volatility and bounce higher. Before the Crisis in the Middle East and now the unfortunate events in Japan mortgage Rates were pushing 5.00%. Today the market is priced well under those levels, BUT, the Big But is what will happen when times return to NON HEADLINING time. Today more positive data was released about he U.S. economy from the Empire State Manufacturing Index, but the report is taking a back seat to the global markets.
And the Bernanke and his crew may be back it again as Wall Street is grumbling of another Quantitative Easing?????? QE3, are you kidding me? Where is the money going to come from. Well my opinion set aside, here is fact, if this is true and QE3 does come out, there is NO Question that we will have inflation problems in the future. And just the hint of a QE3 being rolled out into the market will SPIKE rates higher. YES, SPIKE rates higher. If you don’t believe that go back to November 3rd & 4th of 2010 when QE2 was announced. We have not seen the interest rates dip down to those levels since.
Never a dull moment in the Real Estate Financing news. Make sure to check the home page tomorrow as we will cover the CNBC story on Seattle Wednesday.
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