Year: 2011

Euro bond? Will the 17 European countries come together? Is it fair for a strong financial country such as Germany to support the financial crisis of Greece? If this does happen, the US bond market will face uncertainty leading to higher interest rates.

Seattle Real Estate Mortgage Rates Today 8/15/11: After the most historic week in U.S. history, breaking records in the stock market, Gold at unbelievable levels, oil falling and MEGA millions being lost around the world…….. Today the market seems to have normalized, at least to the point where radical swings are not taking place.  Being […]

Seattle Real Estate Mortgage Rates Today 8/12/11:  UP Down, UP Down, caution this may cause motion sickness. The illustration on the right about sums up the market this week.  After the biggest move in U.S. history facing the down grade, the market went through a turbulent ride.  Stocks were off one day by 600 then […]

The Fed announced that the Fed Funds Rate will remain at 0% until mid 2013.

Seattle Real Estate Mortgage Rates Today 8/8/11:  The U.S. Downgrade has triggered panic in the Stock Market sending the Dow Jones down over 500 points at some times in the day. The global market is still very BULLISH in the U.S. Safe Haven trade of the Bonds & Equities.  Japan, after opening the Nikkei sharply […]

The latest announcement of the USA possible losing the Triple A rating has the bond market selling off. This has caused mortgage rates to climb higher in today. 33,000 more jobs were created than expected which has also put pressure on bonds.

Continued and increasing financial distress in Europe has caused the bleeding to spread from Greece to other countries. The US is lacking confidence in a full recovery that has been part of the drop in the Dow Jones. With a 500 point drop in the Dow, this has led to improved mortgage rates.

Mortgage bonds holding strong to improve mortgage rates to low levels for 2011. The late stock market rally took away from the bonds leading to a price worsening. Volatility will continue with stocks, future auctions, and economic news.

The Debt Ceiling has finally been resolved, as Obama mentioned the Government needs to come together in a time like this to work for the people. Mortgage rates have again improved today, the bond market has gained 200bps in 4 days!! Contact us for financing scenarios.

Seattle Real Estate Mortgage Rates Today 8/1/11 : Somebody PINCH ME! Did government really do something for the greater good? Make business decision? Congress has passed a bill but now it is up to the Senate to Approve or Reject the deal which will not come until tomorrow. The debt ceiling has put the U.S. […]