Seattle Mortgage Rates Today 6/29/12
Seattle Mortgage Rates Today 6/29/12: Day 1 of the European Summit in Brussels closed with some optimism. Although German Chancellor Angela Merkel, along with other leaders of Germany, stated that any funds that would be dispersed must have austerity measures attached. However, Euro Zone leaders have reached an agreement that would allow members of the Euro Zone to obtain funds to stabilize their banks as long as they follow rules dictated by the European Commission. The difference between this “bailout” and the earlier one is that no additional austerity measures will take place. We can only wait for the consequences.
Given the somewhat positive news so far from the summit, a run for stocks negatively affected bonds. However, long-term strategies would be to wait as the trend dictates so. For those who are closing within weeks, locking a rate is in your best interest.
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