Seattle Mortgage Rates Today 3/14/12: Is the economy improving? Following yesterday’s Fed Policy Statement the knee-jerk reaction by the markets reflected a worsening in rates midday. When speaking of the economy, the Fed admitted that there is an improvement to many areas; however, the housing market was not included. Should this inclination of improvement continue […]
Seattle Mortgage Rates Today 3/13/12: It’s Fed Day…what say you? With the Federal Funds Rate staying put at 0-.25% for the next couple of years, we need to pay attention to the Fed’s Policy Statement. What we need to listen for are hints of a possible quantitative easing (QE3). The Fed’s are walking a fine […]
Seattle Mortgage Rates Today 3/12/12: What say the Fed tomorrow? The Fed discuss two items tomorrow—Monetary Policy Statement and Interest Rate Decision. Obviously, there will be no change in the Fed Funds Rate given the economic climate. However, we need to pay attention to any indication that quantitative easing may take place (QE3). A few […]
Seattle Mortgage Rates Today 3/9/12: Another Grecian Bailout? After private investors of Greek debt were enticed to excuse more than 100B Euros of debt, there was a sharp drop in the Euro. Investors “agreed” to the to the debt forgiveness as the Credit Default Swaps were put into place; if Greece defaults on the bonds, […]
Seattle Mortgage Rates Today 3/8/12: Greek debt swap? It looks pretty clear that the debt swap will take place. Not all bondholders are on the same page as losses of 70% are inevitable—lower rates and longer maturity are what Greece is asking for. However, Greece’s debt problems are from over. The debt swap is akin […]
Seattle Mortgage Rates Today 3/7/12: Who needs a job? This Friday, the official Jobs Report will be released. The anticipated report expects the creation of 220,000 jobs in the private sector to compensate for government job losses. The ADP Report has accounted for 216,000 jobs in the private sector which is tight in line with […]
: Rumor has is that the Greek government and bondholders will not be able to meet the deadline on Thursday in regards to the debt swap. Should we see a default, the chances for Spain and Italy to receive aid to assist in mitigating the debt crisis would be compromised. The fear of Greece defaulting […]
FHA home loan financing will be more expensive for all Seattle home buyers and owners starting April 2012. Review the changes to prevent increased costs now.
Seattle Mortgage Rates Today 3/5/12: Interestingly, we are discovering that the Swiss National Bank and the Bank of Israel, which are highly conservative Central Banks, will be in the market for US stocks in an attempt to increase their investment yields. It’s expected that the Bank of Israel plans to invest a marked amount of […]
Seattle Mortgage Rates Today 3/1/12: What happened after Fed Chair Bernanke spoke yesterday? His testimony in front of the House Financial Services Committee stated that the housing and labor market were sluggish and fragile. Surprisingly, there was no mention of QE3 exacerbating the disappointment of the markets as both stocks and bonds closed lower at […]
