Seattle Mortgage Rates Today 4/30/12: “Propera víctima de la recessió … Espanya! / The recession’s next victim…Spain!” Once again, negative sentiment coming from Europe is pushing bonds just a bit higher today. The European Union’s 4th largest economy, Spain, has officially announced that it has entered its 2nd, yes, that’s right folks, its 2nd recession […]
Seattle Mortgage Rates Today 4/27/12: “Uh-oh, this doesn’t look good.” The final GDP reading in the 4th quarter of last year was sitting at 3%. The release of the advanced GDP reading for the 1st quarter of 2012 came in 0.3% lower than the expectations at 2.2%. Also revealed in the report was that personal […]
Seattle Mortgage Rates Today 4/26/12: “What Say the Fed?” Once again, yesterday’s Fed meeting yielded nothing new from the meeting last month. At this point in the game, and it comes as no surprise, really, that the Fed in its feeble attempt to support the current state of the economy, would have no say about […]
Seattle Mortgage Rates Today 4/25/12: “Uh-oh…here comes the Fed!” Today the Fed Statement and the Interest Rate Decision will be released. Well, there’s one thing we know for sure…the rate will not be moving in any direction. However, Fed Chairman Bernanke will be hosting a press conference at lunch time to answer questions. Will there […]
Seattle Mortgage Rates Today 4/5/12: With Initial Jobless Claims reported at a 4-year low, the bond market is on an upward trend after falling last Tuesday. With debt fears still lurking in Europe, investors are finding their way back to the safe haven trade giving bonds a boost. Although the labor department reported that the […]
Seattle Mortgage Rates Today 4/4/12: After the Fed minutes were released yesterday (3/13 meeting), the market’s downward spiral was an unpredicted knee-jerk reaction. Mortgage bonds are attempting to stabilize today after hearing positive news from Spain about their impending debt crisis. Given that yesterday’s minutes did not hint at a QE3 unless the economy falters, […]
Seattle Mortgage Rates Today 4/2/12: Undeniably, the debt problems affecting Europe are far from over. Negative sentiment surrounding news that manufacturing has been in the decline for the past 7 months continues to weaken the equity markets while giving bonds a much needed boost. With rumors of the Fed implementing another round of Quantitative Easing […]
