Article by Real Estate Belize

Article by Seattle Real Estate Reel

Seattle / Bellevue Real Estate Mortgage Rate Watch: No economic data, all attention on today’s 10 Year note auction at 10:00 AM PT. Looking back at yesterday with a mediocre result from the auction results and a warning of INFLATION spooked the market and prices worsened mid-day.

Today we are hopeful for the 10 Year as optimism continues to steam ahead over the U.S. economic recovery. HOWEVER what continues to loom over the U.S. recovery is OIL. OIL can definitely slow down the recovery because of the impact on the cost of goods to us the consumer. How this will impact spending and corporate earnings have Wall Street hedging bets across the board for future earnings.

Seattle / Bellevue Real Estate Mortgage Rate Watch: 30 Year Bond Auction A+ rating and no rate improvement? Why? Today Jobless Claims came in lower than expected which should be good for the bonds, BUT no movement. A+ 30 year bond auction which should be good for bonds, but no movement. Oil prices fall good for our wallets, BUT no movement. DOW JONES falls over 100 points, BUT no movement. WHAT? WHY? This is due to a ceiling of resistance that the bonds are fighting before it can make a convincing move higher and for mortgage rates to improve. This could be a little psychological but it has Wall Street and investors paying attention. The mighty Warren Buffet late last year and early this year began to reposition and refinance many of his commercial holdings due to the fear of future inflation. He did this by selling off many of his positions in bonds. PIMCO who runs the world’s largest Bond mutual funds also SOLD all Treasury positions. This could be adding pressure on Bonds and Rates from making a convincing move from the current levels.

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.

Article by Seattle Real Estate Reel

Article by Seattle Real Estate Reel

Article by Seattle Real Estate Reel

Seattle / Bellevue Real Estate Mortgage Rate Watch: Concerns coming from Japan as the Nuclear contamination has hit their water supply. This has pushed some investors into the “Safe Haven” trade. This comes on the announcement Japan will need north of 0 Billion to rebuild and recover. Wall Street and the global markets are watching this because Japan is the second largest holder of U.S. debt, first being China. If they begin to sell their U.S. holdings to raise capital to fund the recovery, this may have a direct impact on the yields and Mortgage Rates. We will cover the story as it unfolds.

Concerns over the Euro are far from over. Greece and Ireland are reporting hefty double digit yields as they try to draw investors in to sustain their economy, which has draws even more concern over possibly defaulting. This may come as a benefit to the “Safe Haven” trade in the U.S. as we have seen will help to reduce rates. BUT this is still a big if, for now this is being overshadowed by the situation in Japan and the Middle East.

The Treasury is also being closely watched by Wall Street as they prepare to begin the Sale of their Mortgage Backed Securities positions in the tune of 0 Million each business day. Added supply to the market with a possible lack of buyers will also pressure rates. Yet another story to watch and we will cover this for you.

In closing to the MEDIA giants and sited economists who take each months housing report and toast or roast the markets, as now they are bashing the housing market with the recent data. We have this to say. We speak with people everyday who are excited about homeownership and the common bond with all of these people who we have the privalege to assist is it is that they realize the opportunity in the market to buy at a time when both interest rates and housing prices are low. The American Dream is still to own a home, still a far cry from the American Dream to Rent as media is hyping.

Timing is everything just as location of the home is critical. Timing in securing an interest rate, BEST rate, is working with a mortgage professional who has their pulse on the market and when best to advise and educate their clients when timing is right. Along with this key knowledge is to be on top of all of the lending and underwriting changes which seem to almost happen daily. We at the Mortgage Reel are Licensed Washington Loan Originators, serving clients with transparency, knowledge and most importantly keeping your goals in mind. How can we assist you today?

Video: http://www.realestatereel.com/seattle-and-bellevue-real-estate-news-32311/

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.

Article by Seattle Real Estate Reel

Article by Real Estate Belize

Article by Real Estate Belize

Article by Real Estate Belize

Article by Real Estate Belize