June 28, 2017

Seattle Mortgage Rates Today 7/25/12

Seattle Mortgage Rates Today 7/25/12: “Knock-Knock. Who’s there? It’s QE3!” With unemployment standing still at 8.2% and stagnant growth, the Fed may have no other choice other than another round of quantitative easing (QE3). This news benefitted stocks while compromising bonds. History tells us that any hint of stimulus will induce market reaction at the expense of bonds. Remember QE2? We may see the initial stages of QE3 implementation at the next Fed meeting on July 31st.

“Bail us out!” There is talk of the European Central Bank employing an all-encompassing bailout for Spain. Also heard was additional assistance being given to Greece in order for them to remain in the Euro. What does this mean? Who knows? The problems plaguing the region are far from over. A Spanish bailout and keeping Greece in the Euro will not solve their problems overnight. Again, superficial positive news pushed stocks up a tick; however, there is much more than meets the eye and we can only wait to see what unravels.

Short-term locking of rates is recommended as daily fluctuations occur with any slight news.

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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