Seattle Real Estate Mortgage Rates Today 9/13/2011
Seattle Real Estate Mortgage Rates Today 9/13/2011: Mortgage bonds have peaked 3 times in the past 30 days. Each time this peak (ceiling of resistance) has been reached, the market has pulled back weakening the bonds that forces consumer rates higher. Timing the current market trends is crucial to make sure you secure the best rate possible.
Yesterday’s 3 yr note auction and today’s 10 yr note auction provided below average results. The weak results from the auctions have slightly weakened mortgage bonds. Tomorrow is the 30 year securities to finalize this week’s total offerings of $66 billion.
What are your thoughts on the Job Stimulus plan? And is the plan really paid for? The plan could be covered by tax increases but that will ultimately create issues in Congress. Who will support the plan and help the US move forward or is the cost to high per job possibly created?
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