Seattle Real Estate Mortgage Rates Today 3/18/2011
Seattle / Bellevue Real Estate Mortgage Rate Watch: United Nations approving a No-Fly zone over Libya to halt Gadaffi from attacking his own people through air-strikes. This has funds shifting out of the U.S. Safe Haven trade. Along with this news, Japan is “cautiously optimistic” that the nuclear reactor situation has been stabilized and will not worsen, this can change by the minute, but for now this also has funds shifting out of the U.S. Safe Haven trade. Keep in mind during UNCERTAIN times the U.S. Bond & Equities market benefit from global and local funds being shifted into this funds. This helps to pressure MORTGAGE RATES lower, which were the best levels of 2011 thus far. BUT, here is the BIG BUT, when UNCERTAINTY fades those funds move back out pressuring rates to where they were before the events that triggered them lower. This time will come over the short term.
China is also back in the news though being overshadowed by the events in Japan. The People’s Bank of China is once again having to step in and raise capital and slow lending in order to control their inflation rate. Inflation is the ENEMY of bonds just as we saw in NOVEMBER of 2010 when INFLATION was heavily discussed in the U.S. due to Quantitative Easing 2 which SPIKED rates higher.
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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