Bellevue and Seattle Real Estate
Ground and aerial shots of recent real estate projects we’ve shot
Image by PrimeImageMedia.com
Ground and aerial shots of recent real estate projects we’ve shot
Article by Seattle Real Estate Reel
Watch the recorded video: http://www.themortgagereel.com/seattle-bellevue-real-estate-mortgage-rate-watch-12810/Seattle / Bellevue Real Estate Mortgage Rate Watch: OUCH!!! Rates jump higher yet another day. HAVE WE PASSED THE BOTTOM? At this time it appears we may have. No one knows what will happen in the future with the economy but right now it is easier to “sell on the news” and this is what the market is doing at the expense of the bonds.The 10 Year note has jumped to its highest levels since JUNE. It will be an interesting play to see if investors start to look again to see if it is oversold.Another key point of hot discussion are the TAX CUTS, as President Obama made clear it is a give and take move by government, Wall Street continues to like the progress and direction the economy is moving in.Finally, there is the Federal Reserve, “don’t fight the Fed” with this saying they still have QE2 still at their disposal which keep in mind is a tool to pump more money into the economy and fuel the stock market. This too comes at the expense of the bond market and Mortgages.We will have volatility in the future which will help Mortgage Rates, but for the current trend rates do look to push higher.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.
