Seattle Real Estate Mortgage Rates Today 6/27/11
Seattle Real Estate Mortgage Rates Today 6/27/11 have opened flat. The Federal Reserve’s QE2 is expiring this week. With the $600B injection ending, this might present a similar situation when the first Quantitative Easing expired. Stocks weakened after the first QE ended that lead to a boost in bond prices. Not 100% confident if we will see the same pattern.
Today $35B in 2 year notes was auctioned with a “C” grading. Currently the bond market is still flat for the day; if anything changes we will post an immediate update.
Oil has dropped to roughly $90 per barrel. At the start of May, the cost was touching $115. You can clearly see the increase in gas prices has reduced consumer spending for May. The savings at the pump should hopefully spark and increase spending during the summer months.
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