December 14, 2017

Seattle Mortgage Rates Today 5/11/12

Seattle Mortgage Rates Today 5/11/12:  “Grexit-ing?”  Wolfgang Schaeuble, Germany’s Finance Minister, voiced his opinion proposing Greece exit the Euro.  However, should Greece exit there would be a plethora of unintended, detrimental consequences.  The financial commitment needed from the EU is colossal as the European Central Bank would have to buy bonds from Italy and Spain to control yields.  Exacerbating the risk of capital of the EU is the political risk.  Any decision made must be collaborated by France’s newly elected President, Francois Hollande, and German Chancellor, Angela Merkel—who don’t seem to be quite fond of each other.  As we continue to hear about the woes in Europe, global investors will continue to put their money into US Bonds.

“Chase? #BigBanksFailAgain”  Jamie Dimon, the CEO of JPMorgan Chase, stated that they made “egregious mistakes” after Chase reported significant trading losses.  Financial stocks are taking a beating and those in favor of the Volcker Rule—a section of Dodd-Frank that restricts banks from doing their own trading—are in high praise…and probably saying, “I told you so.”  Given that the banking industry has attempted to clean up their act, this news only soils their image.  Let’s see if more banks follow suit.

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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