December 14, 2017

Seattle Mortgage Rates Today 7/19/12

Seattle Mortgage Rates Today 7/19/12: “QE3, can you hear me now?”  Reports of weak economic data continue to support the Fed implementation of Quantitative Easing 3 (QE3).  Although we do not know when easing may take place, stocks are rallying higher just as they did when QE2 was anticipated then implemented.  Again, stocks were on the uptick as reported earnings were positive.  If positive news continues, stocks will also follow that cycle.  However, should weak earnings reports surface QE3 may be on the horizon.

“Frau Merkel, können Sie mich jetzt hören? (Mrs. Merkel, can you hear me now?)”  Good news for Spain as Germany’s Lower House (Bundestag) supported a Spanish bailout with a 473 vote majority.    Germany’s Finance minister Wolfgang Schaeuble also agreed that it’s imperative to financially stabilize Spain.  With Spain as the fourth largest economy in the euro zone, Germany, too, will be affected; however, many believe that the bailout is not addressing the underlying problems.  How will this affect global markets?  We can only sit back and wait for the unraveling to begin…

We continue to recommend locking for those on a purchase deadline.  The unpredictability—day-to-day fluctuations notwithstanding—continues to support a floating stance for those with time on their side.  Stay tuned and let’s see what Europe will bring us next.

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.

Hire The Right Team. How Can We Assist You?

(206) 219-3088

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