Seattle Mortgage Rates Today 6/5/12: “I’ve fallen and I can’t get up!” With continued economic duress, Spain has finally come to its senses by approaching the EU for aid. We have continually heard recently from Mariano Rajoy, Spain’s Prime Minister, that financial institutions do not require a bailout. How wrong is he? Spain’s Budget Minister, […]
Seattle Mortgage Rates Today 6/4/12: “Global investors looking to lose?” Last Thursday, the 10-year Treasury note dropped to an all-time low of 1.56%. Given the dire state of the economy in the EU and around the world, global investors continue to find safe haven trading in US Treasuries. Although inflation is currently at 2%, investors […]
Seattle Mortgage Rate Today 6/1/12: “Where are the Jobs?!” This morning’s Jobs Report came in disappointingly lower than expected. Wednesday’s ADP Report estimated the creation of 120,000 jobs for May which is 30,000 less than expected. However, upon the release of May’s Jobs Report it was much worse than that. With only 69,000 jobs created […]
