June 27, 2017

Seattle Mortgage Rates Today 8/27/12

Mortgage Rates Seattle

Mortgage Rates Seattle

Seattle Mortgage Rates Today 8/27/12: “It’s the great Quantitative Easing, Mortgage Bonds!”  Although there is not much to report today, the big announcement will most likely come this Friday.  Federal Reserve Chairman Ben Bernanke will meet in Jackson Hole, Wyoming for the annual speech on monetary policy.  Will it be a repeat of the last stimulus package of 2010?  On August 27th, 2010, Ol’ Benny announced the coming of QE2.  On announcement of QE2, stocks rallied higher at the expense of bonds.  However, 2012 is much different than 2010.  The notion that QE3 was on the horizon already gave stocks a good run recently.   The rally higher for stocks is near their peak and we can’t imagine them getting any higher.

Last week, a letter from Benny B to the Congressional Oversight Panel noted that the Fed Reserve needs to take further action to assist in economic recovery.  His sentiment more than points to the announcement of QE3.

More on this as the week progresses…

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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