Seattle Mortgage Rates Today 12/31/12: Although talks are currently taking place regarding the fiscal cliff, still no deal has been made. These talks, however, helped stocks improve though those gains may be lost later. The market’s reaction has been positive believing that any negative impact can be mitigated way down the road. Currently, there is […]
Seattle Mortgage Rates Today 12/28/12: As we near the end of the year without a resolution to the “fiscal cliff,” global markets are being negatively affected. Stocks in the U.S. have been falling this past week giving bonds a slight uptick in prices. With no time to spare, Congress may let the tax hikes and […]
Seattle Mortgage Rates Today 12/27/12: As President Obama makes his way back to the White house today to address the “fiscal cliff,” Senate Majority Leader Harry Reid offered little hope in terms of a deal from House Republicans. With just days to the end of existing tax cuts, it seems impossible for Congress and the […]
Seattle Mortgage Rates Today 12/26/12: With just 5 days until the end of the year and the beginning of $600 billion worth of tax hikes and spending cuts, Congress has yet to come to a resolution to the “fiscal cliff.” Given the sense of urgency, President Obama has planned to cut his family time in […]
Seattle Mortgage Rates Today 12/24/12: With the fiscal cliff looming and no deal in sight, Republicans continue that the ball in the court of Senate Democrats. Interestingly, there seems to be no sense of urgency to resolve the problem. The next Senate meeting is scheduled for next Thursday; however, the House has nothing set but […]
Seattle Mortgage Rates Today 12/21/12: Although it’s not the end of the world the fiscal cliff is now looming closer than ever—perhaps, the Mayans were on to something. Republican House Speaker John Boehner could not rally enough votes form his own party to pass his fiscal cliff proposal referred to as “Plan B.” Plan B’s […]
Seattle Mortgage Rates Today 12/18/12: Yesterday, markets received a slight boost as many thought negotiations between the President and House Speaker John Boehner were making progress. However, by the end of the day progress was at a halt. A major component of any deal is revenue. Last week, Boehner considered President Obama’s proposal in raising […]
Seattle Mortgage Rates Today 12/14/12: “Oh for the love…” Once again, news of the fiscal cliff deadlock raises concerns that that Congress and the White House will not come to any resolution by year’s end. Talks between the President Obama and House of Representatives Speaker John Boehner have yet again reached a hurdle; President Obama […]
Seattle Mortgage Rates Today 12/11/12: The clock continues to tick as the White house and Congressional Republicans have yet to reach a fiscal cliff agreement. House of Representatives Speaker John Boehner remains steadfast in his position with the last proposal set before President Obama. Boehner unrelentingly calls for the President to offer a counter proposal […]
Seattle Mortgage Rates Today 12/6/12: “The sky is falling! The sky is falling!” Republicans and Democrats continue their fiscal cliff fight blaming each other in order to gain some leverage. Republicans incited Democrats with rhetoric regarding the debt ceiling to further their influence with their fiscal cliff counter proposal. Although President Obama and House Speaker […]
