Seattle Mortgage Rates Today 5/21/12
Seattle Mortgage Rates Today 5/21/12: “Grecian Formula?” With not much news—good or bad—coming from Europe, we may see equities positively affected in the near term. As of late, leaders in the EU are now articulating that Greece should remain in the Euro as negative unintended consequences may rear its ugly head. Will the citizens of Greece be able to come together? For Greece to start healing, the country must unify and support a new government that will enforce the mandated austerity measures and bailout.
“It’s just the beginning for you, Spain.” Spain continues on it downward spiral as their banking sector is on the brink of disaster. As real estate values also continue on its downward spiral, the number of loans defaulting are on the rise. Should the European Central Bank attempt to contain the problem through printing Euros and bond buying, bonds may see some decline as stocks see an upward tick.
Although bonds have remained strong for the past 2 weeks, the outlook for stocks may be promising in the near term.
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