Watch the market news: /seattle-bellevue-real-estate-mortgage-rate-watch-12710/Seattle / Bellevue Real Estate Mortgage Rate Watch: President Obama extending the TAX Cuts for two years has the Stock Market in a RALLY moving HIGHER coming at the cost of bonds. Many economists felt that if the tax cuts were NOT extended then the economy would falter. ALSO pressuring rates is the EXTENSION of Unemployment Benefits for another 13 MONTHS. This is all coming at the EXPENSE of creating more debt to be issued in bonds and with the ADDED supply BONDS are on the RISE.CHINA fighting INFLATION with a year over year 4.4% RISE. INVESTORS will turn to who is paying the best rate of return, at this time the U.S. is behind and bonds are losing the battle.
CHINA fighting INFLATION with a year over year 4.4% RISE. INVESTORS will turn to who is paying the best rate of return, at this time the U.S. is behind and bonds are losing the battle.
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 . 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 % 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.
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