December 15, 2017

Seattle Mortgage Rates Today 5/15/12

Seattle Mortgage Rates Today 5/15/12: “Opposites Attract?”  France’s newly elected President, Francois Hollande, and Germany’s Chancellor, Angela Merkel, go on their “first date” today.  Since former President Sarkozy left office, the sentiment regarding Hollande and Merkel has been uncertain.  Why?  President Hollande’s election platform is contrary to Chancellor Merkel’s economic principles.  Monsieur Hollande believes to induce growth the government must increase spending while reducing austerity measures.  On the other hand, Frau Merkel wants every EU participant to reduce their own debt through mandated austerity measures pressuring those countries to meet their annual fiscal budget deficit targets.  Also note that Germany is against any more support from the European Central Bank in the form of additional bond buying for fear of hyperinflation and a devalued currency.  Given the very tight austerity measures, perhaps Germany will realize they need to give those countries a bit more time to work within the mandated measures.

“Recession?  I’m sorry; you must’ve dialed the wrong number.”  The GDP Report coming out of the EU reported a half percent upswing for Germany ensuring the entire region from slipping into a recession.  However, with 24% unemployment, Spain will most likely remain in a recession through the end of next year.  And let’s not forget about Greece; with no unified government, they are “on their way out” of the Euro.  That time may come sooner than many think.

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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