November 24, 2017

Seattle Real Estate Mortgage Rates Today 9/27/11

Seattle Real Estate Mortgage Rates Today 9/27/11: Pain relieving measures for Europeandebt? European leaders announced late yesterday about implementing a Special Purpose Vehicle (SPV).This SPV would issue much needed bonds and buy European debt to quarantine the current crisis in theregion. This slightly positive news encouraged investors to move into stocks departing the safe haventrade of bonds. After consecutive days of losses, gold has found its footing once again now that thegloomy feeling of last week has dissipated.

The Case-Shiller Home Price Index rose just under a percent at .9% in July in 10 out of 20 cities in thesurvey compared with the month of June. We see this rise dictated by the season of house buying assummer is typically a convenient time to move. Expect this index to fall as we head into the fall andwinter months.

In light of the recent sell off of bonds, the Treasury plans to auction off a third of the anticipated $99Bof 2-year notes available this week. However, at these levels, will this be enough to attract investors orwill they wait for higher-yields? With the bond losing 200 basis points over the course of 4 days, expectthat to manifest as higher prices for rates.

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