August 24, 2017

Seattle Real Estate Mortgage Rates Today 9/29/11

Seattle Real Estate Mortgage Rates Today 9/29/11:  Is Germany stepping up to the plate?  To assist Euro member countries access capital, Germany voted in support of expanding the European Financial Stability Facility (EFSF) yesterday.  It’s obvious that Germany is willing to help countries in debt avoid defaulting thus mitigating any threat to the EU.  Although the problems in Europe still exist, expanding the EFSF will definitely buy some time.

Is confidence on the rise?  After hearing of the Initial Jobless claims report, there was a bit of optimism with 28,000 fewer claims thank the anticipated 419,000.  Stocks saw a reason to climb.  However, the number of claims are still way to high given time since the purported “end of the recession.”

Did Fed Chair Bernanke say inflation has moderated?  The inflation reading for the 2nd quarter was revised to reflect an increase of .1% from a previous inflation reading of 2.4%.  Additionally, the 2nd quarter final GDP reading also found itself on the rise to 1.3%, up from 1.0%.  With the positive news and a slight increase in inflation, bonds were pushed lower from earlier levels.

Is inflation an economic anathema? Chairman Bernanke continues to state that inflation has moderated.  Between the stimulus and the historically low rates, how can the Fed be sure that inflation will not be a problem? They can’t.

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