Seattle Mortgage Rates Today 5/15/12: “Opposites Attract?” France’s newly elected President, Francois Hollande, and Germany’s Chancellor, Angela Merkel, go on their “first date” today. Since former President Sarkozy left office, the sentiment regarding Hollande and Merkel has been uncertain. Why? President Hollande’s election platform is contrary to Chancellor Merkel’s economic principles. Monsieur Hollande believes to […]
Seattle Mortgage Rates Today 5/14/12: “It’s the Great Greece Exit, Euro Zone!” As the minutes tick by, the crisis in Greece continues to worsen. Exacerbated by the mandated austerity measures and bailout-resistant people, Greece remains in political purgatory unable to form a decisively cohesive government. In Brussels, European Union officials are strategizing on how to […]
Seattle Mortgage Rates Today 5/11/12: “Grexit-ing?” Wolfgang Schaeuble, Germany’s Finance Minister, voiced his opinion proposing Greece exit the Euro. However, should Greece exit there would be a plethora of unintended, detrimental consequences. The financial commitment needed from the EU is colossal as the European Central Bank would have to buy bonds from Italy and Spain […]
Seattle Mortgage Rates Today 5/10/12: “Is the collapse of the EU on the horizon?” Those words may ring true in 2013 should Greece find itself seceding from the European Union. Obviously, with their debt woes and mandated austerity measures, Greece will not be coming out of the abyss anytime soon. Other countries experiencing economic crises, […]
Seattle Mortgage Rates Today 5/9/12: Mortgage Bonds continue to trade at all-time highs as the Euro continues to fall against the dollar as political unrest unfolds in the region. Investors are finding themselves in the safe haven of mortgage bonds and government securities. Given the complexity of the problems affecting the EU, recovery is not […]
Seattle Mortgage Rates Today 5/8/12: Greece is still in limbo as the country continues to struggle to form a new government. The battle between The New Democracy and Syriza is exacerbating the debt crisis that Greece has been dealing with for the past 2 years. In addition, we may see more of Spain and the […]
Seattle Mortgage Rates Today 5/7/12: “Sar-ko-zy! C’est Fini! Sar-ko-zy! C’est Fini!” This was the sentiment that was chanted yesterday as French President Nicolas Sarkozy was bid au revoir. Since the financial crisis began, France’s newly elected President, Francois Hollande, will be the ninth Euro Zone leader to be voted in—out with the old and in […]
Seattle Mortgage Rates Today 5/4/12: “Uh-oh, Friday’s Jobs Report…” In anticipation of today’s Jobs Report comes a very disappointing number of jobs created. After the ADP report on Wednesday, analysts expected the number of jobs created in April to be 165,000. Between the creation of 130,000 private sector jobs offsetting government jobs the actual number […]
Seattle Mortgage Rates Today 5/3/12: As the markets ready themselves for the all-important Job Report tomorrow, mortgage bonds remain unchanged. Speaking of unchanged, European Central Bank’s President, Mario Draghi, cited that bank rates will remain at 1%. He also stated that there is “tentative stabilization” in the economy although the unemployment rates continue to climb […]
Seattle Mortgage Rates Today 5/2/12: “Word of the day? ‘UNEMPLOYMENT!’” Today’s ADP Report, which recounts the current state of private sector jobs, reflected a disappointing 119,000 gains. With this Friday’s Jobs Report due, the ADP Report does not fare well as 167,000 private sector jobs were expected to be created. Also expected is the low […]
