November 20, 2017

Seattle Mortgage Rates Today 8/30/12

Seattle Mortgage Rates Today 8/30/12: “Ben Bernanke, what say you?”  Foreshadowing tomorrow’s Fed speech on monetary policy, Dennis Lockhart, Atlanta’s Federal Reserve President, stated that “further stimulus could have some positive effects.”  Well, isn’t that the point of easing?  Fundamentally, another round of easing is needed and it’s highly anticipated that Benny Bernanke will make this announcement.  The question is when it will be implemented.

Mortgage bonds continue on their slow climb as more weak economic news is released.  The Initial Jobless Claims came in 4,000 higher than the 370,000 expected.  This is exacerbated by the revision higher to last week’s numbers.  As was mentioned yesterday, the GDP is hanging around 1.7%; the GDP needs to grow to 2.5% in order to stabilize the unemployment rate.  But until GDP reaches at least 3%, the unemployment rate will not fall.  What does this mean?  The only thing that will be stable will be mortgage rates.

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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