December 15, 2017

Seattle Mortgage Rates Today 3/26/12

Seattle Mortgage Rates Today 3/26/12: Hold on tight Europe…we are going for another ride!  Although it feels as if the drama in Europe has subsided, Spain could be the next contributor to the European debt crisis.  The European Central Bank (ECB) was informed by Spain’s new Prime Minister Mariano Rajoy that not only was there a higher than expected budget deficit in 2011 but it won’t even meet the lowered budget target for 2012.  This is exacerbated by a GDP that is contracting to levels much lower than expected.  Ouch!

Hot off the press!  On March 30th, the EU Finance Minister is expected to announce an increase to the bailout fund; the European Monetary Union will need to print a great deal of money to contain the crisis in the short to intermediate term.  From the 1 Trillion Euros from long-term refinance operations and European Central Bank bond buying, plenty of Euros have seen their way off the press.

“Ben Bernanke vs. The Unemployment Conundrum” Although the unemployment rate has seen its lowest level  at the current 8.3%, the Fed Chair stated “continued accommodative monetary policy will be needed to make further progress.”  While economic growth remains stagnant, even Old Benny hasn’t the slightest clue why the pace of economic growth is slower than the declining unemployment rate.  Perhaps we can attribute the declining labor force by way of discouraged workers choosing to leave the labor market entirely. 

Is Benny Bernanke hinting that rates will remain low and a Quantitative Easing 3 is on the horizon?  Let’s wait and see.

With rampant volatility coupled by historically low rates, wouldn’t you agree now is the time to refinance or purchase your next home?  Contact us today and learn what financing options are available in today’s market.

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