December 15, 2017

Seattle Mortgage Rates Today 5/25/12

Seattle Mortgage Rates Today 5/25/12: “Euro bond-age für Frau Merkel?”  In order to contain the crisis in the EU, there is some gossip that German Chancellor Merkel may be convinced to create Euro bonds.  If Euro bonds are issued other Euro Zone countries like Greece, Portugal, Spain and Italy, would subject the citizens of Germany to their debt.  This is why fiscally conservative Germany has been anti-bond.

With time running out, the only option may be the creation of Euro bonds to buy some more time.  Currently, Greece is seeing a run on banks with approximately €6 billion withdrawn so far.  Should the same happen in debt-laden Italy and Spain, the EU could be in very dire straits.  Again, the only option right now seems to be on the shoulders of the European Central Bank.  Will the ECB start the presses?  Trillions of Euros would need to be printed to contain the crisis in its current state.

What does this mean to us on this side of the pond?  The continued uncertainty will definitely assist in keeping our rates low and perhaps, pressure them just a bit lower.  We can only wait and see.

As the season of home buying has begun, 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.

During this Memorial Day Weekend, let us all take a moment to be grateful for our freedom and liberties granted by those who are not with their family and friends.  Enjoy the weekend!

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