Seattle Mortgage Rates Today 3/30/12: “Income on the rise? I think not!” Reports of Personal Income and Spending came in near expectations. Although personal income increased by 0.2%, what is not considered is the inflation adjusted income. Personal Consumption Expenditures, which includes food and energy, was up 0.3%–so income actually declined by 0.1%. In the […]
Seattle Mortgage Rates Today 3/29/12: “Whatcha talkin’ ‘bout, Greece?!” It shouldn’t be a surprise to anyone that Greece may have to restructure their debt once again. US bonds benefitted from this negative news from S & P. When the next restructuring of debt takes place, those EU governments that lent money will be at a […]
Seattle Mortgage Rates Today 3/28/2012: There is not much to report today as we find mortgage rates at their best levels from the past 2 weeks. Durable Goods reports a disappointing number at 2.2%–0.6% lower than expected—which helped bonds gain some ground. Volatility is still rampant however and a knee-jerk reaction by the market is […]
Seattle Mortgage Rates Today 3/26/12: Hold on tight Europe…we are going for another ride! Although it feels as if the drama in Europe has subsided, Spain could be the next contributor to the European debt crisis. The European Central Bank (ECB) was informed by Spain’s new Prime Minister Mariano Rajoy that not only was there […]
Seattle Mortgage Rates Today 3/22/12: Europe, uh-oh! The report regarding services and manufacturing have concluded that the numbers forecasted actually contracted more than anticipated. This validates that the region is on its way into a recession. Although news about the debt crisis has not made any headlines of late, the drama is alive and kicking. […]
Seattle Mortgage Rates Today 3/21/12: What happened to the market yesterday? Last Thursday bonds began their downward trend and on Monday began to stabilize. Yesterday, Warren Buffett, as you may already know, made a comment stating that bonds are not the safe haven today; rather, stocks will offer the investor the best return. Not long […]
The Home Affordable Refinance Program (HARP) has been available to homeowners but the limitations on the program did not benefit all homeowners. Over the years HARP has been extended and slightly modified. Starting March 19, 2012 further modifications have been put into place for homeowners that have not been able to take advantage yet. Harp […]
Seattle Mortgage Rates Today 3/20/12: What is happening in Portugal? Let’s take a look at where Portugal is sitting assuming reports are correct. Currently public debt is 107% of Gross Domestic Product (GDP) and private debt is an astonishing 280% of GDP. Last year the Portuguese economy shrunk by 1.6% and they are on track […]
Seattle Mortgage Rates Today 3/19/12: “No News is Good News…” With no news to report this morning, bonds remain unchanged today. At the end of last week, bonds were on a slightly upward trend. Looking at the week ahead, there is not much on the economic calendar to report on. This should give mortgage bonds […]
Seattle Mortgage Rates Today 3/16/12: Volatility? Mortgage Bonds continue their downward trend from the last few days. As Europe seems to be settling down somewhat, safe haven trade has been lifted—pressuring the selling of bonds with stocks benefitting. Again, with no hint from the Fed regarding QE3, bonds will continue their falling trend. As we […]
