Seattle Mortgage Rates Today 7/13/12: “It’s Friday, the 13th! Do you know where your mortgage rates are?” There is not much to report today as mortgage bonds are trading near the same levels as yesterday. Rates remain stable and at historic lows as the global sentiment surrounding the crisis in the Euro Zone continues its […]
Seattle Mortgage Rates Today 7/12/12: “Where have all the €uros gone?” The deteriorating economic health of the Euro Zone was quite evident as the European Central Bank (ECB) reduced its main interest rate to a record low of 0.75% from 1%. In order to encourage banks to lend money the ECB also lowered its overnight […]
Seattle Mortgage Rates Today 7/11/12: “If only I had a crystal ball…” Spain has been pressured to accept new austerity measures from EU Finance Ministers that are intended to reduce their deficit by €65BN by the end of 2014. It sounds like an impossible feat, but they have no other choice. With 24.4% unemployment, the […]
Seattle Mortgage Rates Today 7/6/12: “’The sky is falling! The sky is falling!’ said the Jobs Report.” Today’s release of the much anticipated Jobs Report was dismal to say the least. The reported 80,000 private jobs created came in much lower than the expected 105,000 according to last Wednesday’s ADP Report. Exacerbating the dire state […]
Seattle Mortgage Rates Today 7/5/12: “And the results from last week’s European Summit are in!” Concerned with the state of the global economy the European Central Bank (ECB) reduced its rate by 0.25% to a record low of .75%. Following in the ECB’s footsteps was—surprisingly—China whose lending rate was cut down to 6%. The Bank […]
Seattle Mortgage Rates Today 7/3/12: With the markets closing early today there is not much to report. Given the holiday tomorrow, trading will be at a minimum. We will watch out for the Jobs Report on Friday which anticipates the creation of 100K jobs for June. With the track record we’ve seen the past few […]
Seattle Mortgage Rates Today 7/2/12: With Independence Day landing right in the middle of the week, there’s not much to report this Monday. Mortgage bonds did open a tick higher as the European Summit came to a close last Friday. One thing we will be on the lookout for this Friday is June’s Jobs Report… […]
