December 11, 2017

Seattle Real Estate Mortgage Rates Today 8/17/11

Seattle Real Estate Mortgage Rates Today 8/17/11:  Euro Bond?  Don’t even think about it.  After the meeting between President Sarkozy and Chancellor Merkel regarding the Euro Bond, there was clear message that Germany will have nothing to do with it.  Sarkozy stated, “Euro Bonds can be imagined one day, but at the end of the European integration process, not at the beginning.”

With Germany being the strongest nation in Europe, they will be the determining factor whether the Euro Bond comes to fruition or not.  The German taxpayers have a choice, and a clear choice it is.  As mentioned before, Germany’s taxpayers have no intention of utilizing one iota of the monetary surplus they have worked so hard to create; a surplus which was never intended to fund the dire habits and debts of irresponsible member states.

Thanks to China?  China’s official Xinhua News Agency stated, “The US Government has come to terms with the painful fact that the good old days when it could borrow its way out of messes of its own making are finally gone.”  With China being the largest foreign holder of US debt, they have expressed their concerns about the recent US debt rating downgrade.  Additionally, they are cognizant that the recently implemented debt reduction plan does very little to solve our economic problems.  Interestingly, Vice President Biden will be visiting China today in an effort to calm their concerns.  Let’s wait and see what happens…

Anticipating tomorrow’s Consumer Price Index announcement, the market could see some movement after today’s Producer Price Index was .2% hotter than expected. Should consumer inflation rise, bonds could come under pressure to sell.  Although the Fed mentioned the gains in Mortgage Bonds being somewhat transitory, Mortgage Bonds will have limited upside potential if inflation continues to rise.

Please see the recent reviews we have received on the Yelp page as well! 

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