Seattle Mortgage Rates Today 12/21/12
Seattle Mortgage Rates Today 12/21/12: Although it’s not the end of the world the fiscal cliff is now looming closer than ever—perhaps, the Mayans were on to something. Republican House Speaker John Boehner could not rally enough votes form his own party to pass his fiscal cliff proposal referred to as “Plan B.” Plan B’s tax bill raised revenue on those earning over $1 million annually. Now that Plan B has not passed, there is little chance that President Obama’s plan would get any support. Without any deal, next year would bring $600 billion in tax hikes and spending cuts which some say could lead the U.S. into another recession. The market reflected the uncertainty and closed lower today.