December 15, 2017

Seattle Mortgage Rates Today 3/29/12

Seattle Mortgage Rates Today 3/29/12: “Whatcha talkin’ ‘bout, Greece?!”  It shouldn’t be a surprise to anyone that Greece may have to restructure their debt once again.  US bonds benefitted from this negative news from S & P.  When the next restructuring of debt takes place, those EU governments that lent money will be at a loss.  As more of Greece’s debt problems resurface, one can be sure that this will heighten the political capital risk involved.

“RI-OT! RI-OT! RI-OT!”  Spain’s new Prime Minister Mariano Rajoy has announced more austerity measures in a country with a 23% unemployment rate.  The measures are designed to meet the tighter fiscal union rules agreed to by the EU.  This is exacerbated by a contracting GDP; with more fiscal tightening, there is no way for the country to grow and pay down debt.  Again, with a whopping 23% unemployment rate and more austerity measures put into place one has no choice but to RIOT!

“Quantitative Easing 3…can you hear me now?”  This morning’s Initial Jobless Claims report came in 9,000 higher than the anticipated 350,000; only made worse to find that last week’s report was revised to reflect 364,000, which is 16,000 higher than the 348,000 reported.  The next Fed meeting on April 25th may hint at QE3.  If they do, get ready for what may be the final window of refinancing opportunity.

“Volatility and Unpredictability”  These words ring true in today’s market.  Wouldn’t you agree that this is the perfect opportunity to refinance before it’s too late?  Do you have the time to wait?  Contact us to learn your refinance options in today’s market.

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