August 22, 2017

Seattle Mortgage Rates Today 8/20/12

Mortgage Rates Seattle

Mortgage Rates Seattle

Seattle Mortgage Rates Today 8/20/12: With not much to report today, let’s visit the crisis still plaguing Europe.  The European Central Bank is deliberating some sort of proposal which would attempt to contain bond yields as they are rising out of control.  Some believe this would buy some time to execute a plan to grow and begin paying down sovereign debt.  Although bond buying may assist in stabilizing bond yields to a certain degree, it will not resolve the debt problems they are facing.  A plan must be put into place soon; control of Spain and Italy’s crisis can easily get out of control.  This is exacerbated by the current state of Greece where austerity measures are not being met and the ECB does not want to fund them any longer.

As we see stocks trading at 4 year highs and bonds trading at 2 month lows, it’s difficult to see rates climb any higher.  Why?  Again, the crisis in Europe is far from over with no real plan of action in sight; the US economy is still sluggish with bits of optimism; and being an election year, uncertainty abounds.

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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