Seattle Real Estate Mortgage Rates Today 1/23/12: Existing-home sales for December 2011 increased 5% from November. This is the third consecutive month of increases and the second highest reading of 2011. The December level was also 3.6% above December 2010, and as a whole, existing-home sales were up 1.7% from 2010. Total housing inventory dropped 9.2% [...]

Seattle Real Estate Mortgage Rates Today. Happy Monday!  This overall week the economic news is pretty light.  Today the bonds are slightly up but not really high enough for consumers to see a real drop in mortgage rates.  This week a total of $66B in notes and bonds are set for auction.  This auction starts [...]

Seattle Real Estate Mortgage Rates Today 1/4/2012:
Year is off to a strong start for the stock market but what is to come of the housing market which is so closely tied to the economic recovery.  Breaking news today has a letter addressed from Fed President Ben Bernanke addressed to the U.S. Senate and the committee [...]

Seattle Real Estate Mortgage Rates Today 12/13/2011:  What’s happening today?  Today the members of the Fed will convene for the Federal Open Market Committee Meeting to discuss monetary policy.  With the current economic state, there is no intention of raising the Federal Funds Rate which is currently at 0%-.25%.  Obviously when discussing the economy, the [...]

Seattle Real Estate Mortgage Rates Today 12/7/2011:  In anticipation of the European Union Summit tomorrow, stocks and bonds are trading near unchanged.  Also supporting the current trading pattern is the absence of major headlines out of Europe and domestic economic reports.
Why are the markets skeptical?  Vowing to mitigate the current debt crisis rampant in the [...]