Posts Tagged ‘Seattle’
February 12th, 2012 | 
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Bellevue and Seattle Real Estate Mortgage Rate Watch 11/22/2010
Article by Seattle Real Estate Reel
More Real Estate Articles
Seattle and Bellevue Real Estate Mortgage Rate Watch 12/22/2010
Article by Seattle Real Estate Reel
For the past four business days, the interest rates have either improved slightly or stabilized. This is the first time we have seen this positivity since November 4, 2010. If you are on the short this might be a huge opportunity to lock in your rate. Make sure your lender always has an option for a free float down.
Fixed mortgage rates are sitting just below the average low fixed rate for the entire 2009 year. We are above the 2010 low but OVERALL historically well below the average.
Consider taking advantage of buying now because every .5% (half percent) change in mortgage rate is equivalent to a 5% change in price or real estate value. Depending on your real estate area or market, I do not see values or prices dropping another 5 or more percent. Specific areas yes, but metropolitan areas no. Continue to follow both the Seattle Mortgage Reel and Real Estate Reel. As we are Utilizing technology to provide instant live updates daily to our valued and future trusted clients. We value each and every person as we connect professionally and creating a new friendship!
Seattle Real Estate Mortgage Financing
Seattle / Bellevue Real Estate Mortgage Rate Watch: We are off to a good start this week home owners…. Over the weekend Ben Bernanke was interviewed by 60 Minutes on the state of the economy. We are focusing on his comments on inflation. He went on to say the fears of inflation are “Overblown”, “100% confident that the FED can control inflation and reverse it’s accommodative policy when necessary”, “We could raise interest rates in 15 minutes if we have to, so, there really is no problem with raising rates, tightening monetary policy, slowing the economy, reducing inflation, at the appropriate time.” These comments are helping the Bond Markets and Mortgage Backed securities.Also assisting in the rates improving are the continued concerns in Europe. Keep in mind that the U.S. Bond markets are the safe haven when concerns like this arise so it is a benefit to rates.Follow us on the tab on your right for any updates, share our link with your network and leave any comments below. Be back tomorrow.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.
