Seattle Mortgage Rates Today 6/29/12: Day 1 of the European Summit in Brussels closed with some optimism. Although German Chancellor Angela Merkel, along with other leaders of Germany, stated that any funds that would be dispersed must have austerity measures attached. However, Euro Zone leaders have reached an agreement that would allow members of the […]
Seattle Mortgage Rates Today 6/28/12: “What will day 1 of the European Summit in Brussels bring us?” There is still much uncertainty in Europe as global investors are losing confidence that a solution will not come to fruition. German Chancellor Angela Merkel continues to be steadfast against a Euro Bond of any sort. With Greece, […]
Seattle Mortgage Rates Today 6/25/12: Due to meet on Thursday, June 28th, the 2-day European Summit in Brussels will attempt to tackle the debt crisis. With the crisis in its 3rd year (my, how time flies), there is concern that the Summit will not produce any results to confront the current crisis. Continued pessimism pushes […]
Seattle Mortgage Rates Today 6/22/12: There is not much to report today that is affecting the markets. Bonds ticked upward yesterday as stocks were sold off due to weak global economic reports. Today, however, we see stocks rallying as the Federal Reserve did not purchase enough of the available bonds. With no news out of […]
Seattle Mortgage Rate Today 6/20/12: “Benny, what say you?” The Fed’s anticipated Monetary Policy and Decision Statement was released earlier today. The Federal Open Market Committee (FOMC) alludes to a moderately expanding economy so far this year. Nonetheless, the unemployment remains high given the slow growth in employment. Although we may have seen signs of […]
Seattle Mortgage Rates Today 6/18/12: “Is Greece still in the game?” Winning with just 30% of the vote the pro-bailout party, the New Democracy, won the election yesterday. However, there are many who agreed with the anti-austerity constituency, Syriza, led by Alexis Tsipras. Now that the election is over the problems that Greece faces still […]
Seattle Mortgage Rates Today 6/15/12: “What’s the name of Greece’s new government? Uncertainty!” Uncertainty abounds in Greece as this weekend will be a big indicator as to which way Greece will be moving with their crises. On Sunday, June 17th, the citizens of Greece will cast their vote for a new government. Who will it […]
Seattle Mortgage Rates Today 6/13/12: Short and sweet today, May reported weak retail sales and year over year inflation (mortgage rate killer) remains in check. Today at 10am PST $21B in 10 year notes will be auctioned. This is very important as the market remains flat right now (9:50am). The results of this auction […]
Seattle Mortgage Rate Today 6/11/12: If you watched the news over the weekend, you probably saw Spain receiving a 100B Euro band aid. Of course the standard market reaction is the stock market would rally and bond markets take a hit because of the positive outlook on Spain with the money. That […]
Seattle Mortgage Rates today 6/7/12: Grumbling of another round of Quantitative Easing has the markets stirring. Europe facing MAJOR problems after going MONTHS with no plans in place to revive their economy and financial situation has once again put the rumors of mortgage rates moving lower in the U.S. The big BUT is will the […]
