November 20, 2017

Seattle Mortgage Rates Today 6/18/12

Seattle Mortgage Rates Today 6/18/12:  “Is Greece still in the game?”  Winning with just 30% of the vote the pro-bailout party, the New Democracy, won the election yesterday.  However, there are many who agreed with the anti-austerity constituency, Syriza, led by Alexis Tsipras.  Now that the election is over the problems that Greece faces still exist.  The New Democracy does not have enough officials to form a government at this time.  They intend to involve others from competing parties for support.

Spain’s dire banking industry is on the brink of collapse.  Financial institutions are carrying unsustainable levels of bad debt.  Bond yields in Spain have reached an all-time high of over 7%.  These, too, are unsustainable and we may see Spain entering a depression.  Italy is not far behind.

As we wait for Tuesday’s Fed Meeting, we can only speculate what may come.  The statement will be announced on Wednesday.  Will the Fed take action with another round of stimulus?  If there is any hint of Quantitative Easing 3, stocks will benefit at the expense of bonds.  However, if the Fed remains tight-lipped, bonds may remain unchanged or even experience a slight tick upward.

We continue to recommend floating in the short-term as we wait for the Fed announcement on Wednesday.

As the season of home buying is upon us, 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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