Month: September 2011

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 […]

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 […]

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 […]

Seattle Real Estate Mortgage Rates Today 9/22/11:  Hold on to your hats folks and get ready for the ride.  Following the Fed’s statement yesterday, Bond markets rallied higher.  Furthermore, with “Operation Twist” and the Fed announcing that they will reinvest in mortgage backed securities, bonds skyrocketed with stocks being the sacrificial lamb.  Additionally, the problems […]

Seattle Real Estate Mortgage Rates Today 9/21/11:  Hold on, it’s time for Fed Chairman Bernanke to speak on their monetary Policy Statement.  From our earlier post this week, there was speculation about “Operation Twist”—the Fed would purchase long-term government securities and sell the currently held short-term paper. The speculation of “Operation Twist” is stronger than […]

Seattle Real Estate Mortgage Rates Today 9/20/11:  Greece has a bailout?  Talks will continue between the IMF, European Central Bank, and European Union.  The agreement is very close as the talks will continue next month in Athens.  The positive steps to an agreement for Greece have taken away from the bond market today.  Again when […]

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 […]

Weak US economic news continues as the recovery remains slow. The weak news has helped mortgage rates maintain at the low levels for 2011. Without job stability and a favorable workforce in the US, the housing market will continue to drag in high impact areas.