kissimmee Real Estate Online

Seattle Real Estate Mortgage Rate Watch 11/30/2010

Article by Seattle Real Estate Reel

Seattle real estate mortgage rate watch 12/23/2010

Article by Seattle Real Estate Reel

Seattle Real Estate Mortgage Rate Watch 12/27/2010

Article by Seattle Real Estate Reel

Bellevue / Seattle Real Estate Mortgage Rate Watch: Mortgage Rates holding from last week’s nice gains, BUT China had a Christmas Surprise by RISING their lending rate by .25%. This is the second HIKE since October this year. The People’s Bank of China is fighting INFLATION that has risen by 5.1% year over year.

With Wall Street trading light for the Holiday week. This move by China may pressure the U.S. bond Markets to react in the short term to keep investor funds. HOW? By increasing yields to keep those funds invested in our market. BUT keep in mind that this will come at the cost of RISING rates, which will pressure MORTGAGES to also move higher. Watch TODAYS video for more insight.

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.

If you are considering refinancing your home, please follow the break-even point to make sure you will receive a financial benefit!

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 is important to structure your financing goals now, for the long or short run to secure your financial savings.