December 15, 2017

Seattle Real Estate Mortgage Rates Today 9/19/11

Seattle Real Estate Mortgage Rates Today 9/19/11:  Greek debt crisis?  Last week French President Sarkozy and German Chancellor Merkel said they were convinced that Greece will remain part of the Euro.  However, financial markets still see the Greek debt crisis totally unresolved and even worsening.  But as you can see, Mortgage Bonds opened higher and have bounced back from its string of losses.

“Operation Twist?”  Let’s wait and see what the Fed will say on its Monetary Policy Statement and Interest Rate decision.  Should “Operation Twist” take place, the Fed will sell its current holdings of short-term securities and notes—those maturing in fewer than 5 years—and buy notes and bonds such as the 10 and 30 year.  We can only wait to see if it will lower longer term rates even further.

Will it work?  While the speculation of Operation Twist is on the horizon, there may be the political pressure to do so.  Either way, it may not be effective.  If Operation Twist should come to fruition, bonds may be sold off with stocks benefitting.  Will we see a reaction to an anticipated rumor of Operation Twist?  Remembering the reaction from the Bond Market after the announcement of QE2, there may be some buying action on the rumor.  But as soon as the news hits, you very well may see a sell-off.

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