Bellevue and Seattle Real Estate Mortgage

Article by Seattle Real Estate Reel

Watch the recorded video: http://www.themortgagereel.com/seattle-bellevue-real-estate-mortgage-rate-watch-121010/Seattle / Bellevue Real Estate Mortgage Rate Watch: Attention still is focused on China as their economy still shows signs of growth. The People’s Bank of China reported that exports jumped 35% from last November. China’s economy grew 9.6% which is causing the concern of inflation and them HIKING rates over the weekend.This is coming at the expense of Bonds, Rates could see a VERY volatile opening this coming MONDAY. We would take a locking position on your loan at this time to create a ceiling on your rate.The S&P 500 is also being closely watched as it is a indicator of economic growth here in the U.S.. Currently the S&P 500 is testing the current levels, if it is able to break through the current levels and move higher this WOULD also come at the expense of Bonds and further pressure INTEREST rates to move higher.Stay tuned for our Monday post as we anticipate it will be action packed. Have a great weekend, repost this to your networks and JOIN us soon on our Facebook page.Seattle and Bellevue home mortgage rates will fluctuate daily and sometimes hourly depending on the volatility and economic news. A simple way to follow the trends of impacting news is to review the “Events” calendar on http://www.themortgagereel.com. We will provide the daily impacting news in advance to help advise.

We will continue to post updates with current trends. Depending on your goals for locking your rate. If you are on the short term, play close attention to the market. If you are on the long term and have more time, make sure you secure on the best day.

Currently Seattle and Bellevue real estate is greatly impacted with the historically low mortgage rates. Did you know that a ½% change in interest rates is equal to a 5% change in the sales price of a home? That means the recent dramatic drop in interest rates is equal to at least a 10% reduction in home sales prices.

With recent mortgage rates sitting at historically low rates, you are receiving even a better opportunity for purchasing local real estate.

About the Author

Assisting Seattle and Bellevue homeowners obtain a structured mortgage to financially benefit and compliment their real estate goals. With mortgage rates at historical lows, it�s important to structure your financing goals now, for the long or short run to secure your financial savings.