Seattle mortgage rates today 2/8/12:  Today’s 10yr note auction received a “B+” today.  This has helped provide a small improvement to the bonds, but overall mortgage rates remain the same.  No economics news is due out for today, so it should remain a pretty quiet afternoon.

Greece postponed the debt solution announcement yesterday.  Final details were not in place and they should have a solution soon.  Stability in Greece has and will continue to pressure bonds lower so this can lead to higher mortgage rates.

If you are on the edge of locking or waiting, the bonds continue to fight a ceiling of resistance.  Since last week, bond prices have not been successful breaking this level to provide lower mortgage rates for consumers.  You may want to lock in the current gains.

Contact us directly with questions and we will make sure we respond as soon as possible.

Join the Conversation on Facebook, just click on the banner on the homepage and it will take you to our Facebook page, “How to Beat the Banks on your Home Loan” Like us when you visit and post any comments or suggestions.  We want your feedback.

For more information contact us at:
The Mortgage Reel / Team Mortgage Reel
275 118th Ave SE
Suite 200
Bellevue WA 98005
United States
(425) 455-0100

http://www.themortgagereel.com

Post from: The Mortgage Reel - Seattle Real Estate Preferred Correspondent Lender

Seattle Mortgage Rates Today 2/8/12

Seattle Real Estate Mortgage Rates Today 2/7/12:  Greece’s Government is currently working/negotiating a budget that is needed before March 20, 2012.  Greek Prime Minister Lucas Papademos will provide a statement on the outcome of the budget.  Depending on the agreement for the aid, this will help or hurt the US bond market.

The Treasury auctioned off $32B in 3 year notes today.  The auction results were graded at a “C+” today.

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?

Join the Conversation on Facebook, just click on the banner on the homepage and it will take you to our Facebook page, “How to Beat the Banks on your Home Loan” Like us when you visit and post any comments or suggestions.  We want your feedback.

Post from: The Mortgage Reel - Seattle Real Estate Preferred Correspondent Lender

Seattle Real Estate Mortgage Rates Today 2/7/12

Seattle Real Estate Mortgage Rates Today 2/3/12:  US employers substantially increased hiring in January 2012 with expectations around 150,000 jobs but blew that out creating 243,000 jobs.  This is a continued hot streak for hiring with December adding 203,000 jobs and having both November / December reports revised for improvements.

This has led to the lowest unemployment rate of 8.3% since February 2009.

As we have always mentioned positive US economic news fuels the stock market at the expense of bonds.  If you secured your rate yesterday great job, if not don’t feel like you missed your opportunity.  There are many US and Global issues that remain uncertain and continue to develop.   For example:  the European financial crisis remains a huge issue.  They continue to have positive / negative days but massive size of this issue is yet to really be discovered.

Have a wonderful weekend; if you are in Seattle enjoy the SUN!  Have a great time with super bowl parties, the food, commercials and of course the game!

Thanks, Mortgage Reel

Post from: The Mortgage Reel - Seattle Real Estate Preferred Correspondent Lender

Seattle Real Estate Mortgage Rates Today 2/3/12

Seattle mortgage rates today are close to the lowest levels for 2012.  IF you are on the short term meaning you are in a purchase contract or refinancing, now might be the best time to secure your interest rate.  Each home buyer or owner’s financial scenario is different so please check with us if you have questions.  We would be more than happy to answer questions and hopefully earn your trust and business.

The European struggles have continued to help mortgage rates improve and maintain current low levels.  But improvement in the US economy is playing against bonds and helping stocks improve.  Remember if the stock market is up, usually mortgage rates will go up as well.

Stay tuned as impacting mortgage news will continue…

Thanks for all of the continued support and questions!  We are very happy to directly work with local real estate buyers and owners to make a positive difference!

Post from: The Mortgage Reel - Seattle Real Estate Preferred Correspondent Lender

Seattle Real Estate Mortgage Rates Today February 1, 2012

FED update, mortgage rates to remain low until 2014…. what happened to 2013? With that said mortgage rates did… http://t.co/YsNWAIAs

Post from: The Mortgage Reel - Seattle Real Estate Preferred Correspondent Lender

FED update, mortgage rates to …

Another good report. Unemployment and the housing recovery go hand in hand. Consumer confidence coming back… http://t.co/cFA8nqMj

Post from: The Mortgage Reel - Seattle Real Estate Preferred Correspondent Lender

Another good report. Unemploy…

News Update Seattle / Bellevue Real Estate Mortgage News 1/23/12 http://t.co/ib3fkxjT

Post from: The Mortgage Reel - Seattle Real Estate Preferred Correspondent Lender

News Update Seattle / Bellevue…

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% for December, representing a 6.2-month supply, down from a 7.2-month supply in November.

Existing Home Sales is a measure of the selling rate of pre-owned single-family homes, collected by the National Association of Realtors from 650 realtor associations. It includes a geographical breakdown, as well as a measure of prices and house inventory, the number of months it would take to deplete the existing supply of pre-owned houses at the current sales pace.

It is interesting corelation between the increase in housing numbers and the decrease in unemployment.  Mortgage Rates are slowly ticking higher as optimistic news continues to come from the U.S. economy.  Over seas Europe still has not shown signs of a solid believable plan to sustain the financial system.  This has left many investors in the U.S. Safe Haven trade.

However coming fresh off of the press today bond dealers in a majority feel that the FED will announce another round of Quantitative Easing within the first half of 2012.  Yes QE3 seems to be on the horizon now.  Many economists don’t feel QE1 or QE2 had any positive impact other than creating more debt to pressure future inflation.  It is still too early to predict how QE3 will impact mortgage rates.  BUT if relying on historical performance then we would hedge that the official roll out of QE3 would pressure Mortgage Rates higher.

NOTE: the FEDS are currently already purchasing Mortgage Backed Securities which has kept Mortgage Rates low.

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?

Join the Conversation on Facebook, just click on the banner on the homepage and it will take you to our Facebook page, “How to Beat the Banks on your Home Loan” Like us when you visit and post any comments or suggestions.  We want your feedback.

Post from: The Mortgage Reel - Seattle Real Estate Preferred Correspondent Lender

Seattle Real Estate Mortgage Rates Today 1/23/12

Seattle & Bellevue home mortgage rates with Seattle Pacific Mortgage | Seattle Home Mortgage http://t.co/TzNkpoXl

Post from: The Mortgage Reel - Seattle Real Estate Preferred Correspondent Lender

Seattle & Bellevue home mortga…

Some upbeat news from housing. FINALLY SOME GOOD NEWS! Very optimistic about the housing data to come about our… http://t.co/g8JqN5yz

Post from: The Mortgage Reel - Seattle Real Estate Preferred Correspondent Lender

Some upbeat news from housing….