September 25, 2017

Seattle Real Estate Mortgage Rates Today 9/26/11

Seattle Real Estate Mortgage Rates Today 9/26/11:  European Central Bank to the rescue?  The ECB may be mulling over the idea of another round of covered bonds—bonds that are assets backed by public sector loans or mortgages— to assist in injecting some liquidity in the marketplace and encourage lenders to hand their money out.  You may liken this injection to our Quantitative Easing 1 when the Fed purchased mortgage-backed securities to take them off lenders’ books.  This slightly positive news helped stocks today.

Greece’s Troubled Asset Relief Program (TARP)?  To contain the current debt crisis currently besieging Greece, there is speculation of measures to prevent the crisis from spreading across Europe.  Although this news is positive, the feeling of uncertainty still remains with thoughts about proposed measures ineffective.

Oh, how quickly sentiment does change!  Bonds hit their all time highs with the globally negative sentiment felt last week.  However, by the end of last week the bond market sold off and found itself right where it started.

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