August 22, 2017

Seattle Mortgage Rates Today 4/26/12

Mortgage Rates Seattle

Mortgage Rates Seattle

Seattle Mortgage Rates Today 4/26/12: “What Say the Fed?”  Once again, yesterday’s Fed meeting yielded nothing new from the meeting last month.  At this point in the game, and it comes as no surprise, really, that the Fed in its feeble attempt to support the current state of the economy, would have no say about Quantitative Easing 3.  So the Fed must sit back and wait to find out if those earlier attempts of support translate into positive economic reports.  As we heard last month, Fed Chair Bernanke recognized that the economy is improving at a moderate rate; however, the housing market continues to be in a weakened state.  Should this continue QE3 may be on the horizon to strengthen the currently weak housing market.

“Inflation’s Exacerbation?”  With higher energy costs comes higher inflation, acknowledged by Benny Bernanke.  The Fed expects prices to regulate and somewhat stabilize over the long term.  Mr. Bernanke went on to say that it would be irresponsible to continue to accommodate and encourage inflation to stimulate the economy; that sentiment was definitely targeted to critics of the Fed.

With more concerns about the state of the economy in Europe, bonds experienced an upward trend.  Bonds continued with the trend as the Initial Jobless Claims continue their rise much higher than expectations to 388,000 from the anticipated 371,000.  Rising Jobless Claims continue to rise as we’ve seen in the past few weeks.

As we begin the season of home buying, are you prepared to make on offer on that house you just viewed? Is your offer strong enough to entice sellers? WE ARE THE PURCHASE EXPERTS! By working with The Mortgage Reel Team—unlike the big banks—be assured of an on-time 30-day closing! Contact us today and receive a same-day pre-approval.




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