Seattle Real Estate Mortgage Rates Today 9/20/11:  Greece has a bailout?  Talks will continue between the IMF, European Central Bank, and European Union.  The agreement is very close as the talks will continue next month in Athens. 

The positive steps to an agreement for Greece have taken away from the bond market today.  Again when the bonds weaken, mortgage rates worsen.  If the talks continue next month, possibly expect mortgage rates to increase. 

Today is the start of the Fed 2 day meeting; the market is quiet with anticipation of the news tomorrow.  The Fed has made it clear they want to take steps in positive growth for the economy.  One option would be to purchase long term debt to help balance the central banks position and help extend lower fixed mortgage rates.  We will wait and see the announcement tomorrow. 

We thank the continued followers and support.  If you are on Facebook or Yelp, make sure to check us out!!  Thanks!