Seattle Mortgage Rates Today 8/30/12: “Ben Bernanke, what say you?” Foreshadowing tomorrow’s Fed speech on monetary policy, Dennis Lockhart, Atlanta’s Federal Reserve President, stated that “further stimulus could have some positive effects.” Well, isn’t that the point of easing? Fundamentally, another round of easing is needed and it’s highly anticipated that Benny Bernanke will make […]
Seattle Mortgage Rates Today 8/29/12: “Let’s wait and see what happens next…” This is the sentiment markets are maintaining until Federal Reserve Chairman Ben Bernanke delivers his speech on economic and monetary policy on Friday in Jackson Hole, Wyoming. Mortgage bonds are trading slightly lower as the estimate for the 2nd quarter Gross Domestic Product […]
Seattle Real Estate highlighted with good news! All 20 cities in the Case-Shiller home price index had monthly increases from May to June. This marks the second straight month in which all 20 cities have posted monthly gains. Of the 20 cities Detroit, Minneapolis, Chicago and Atlanta had the biggest montly gains. June also represents […]
Seattle Mortgage Rates Today 8/28/12: “What’s everyone waiting for?” The markets are seeing some very light activity as they maintain a “let’s wait and see what happens” approach. With Fed Chair Ben Bernanke delivering his speech on monetary policy this Friday, markets obviously do not know what to expect. Yesterday, the stock market saw its […]
Seattle Mortgage Rates Today 8/27/12: “It’s the great Quantitative Easing, Mortgage Bonds!” Although there is not much to report today, the big announcement will most likely come this Friday. Federal Reserve Chairman Ben Bernanke will meet in Jackson Hole, Wyoming for the annual speech on monetary policy. Will it be a repeat of the last […]
Seattle Mortgage Rates Today 8/24/12: Not much to report today. Although bonds opened slightly higher this morning in an attempt to hold to the gains—albeit small—prices remain relatively unchanged from yesterday. Talk of additional stimulus from Fed Chair Ben Bernanke in order to boost the US economy was stated in a letter to a congressional […]
Seattle Mortgage Rates Today 8/23/12: “It’s about time, Mr. Bonds!” Release of the Federal Reserve minutes form the most recent meeting, not surprisingly, stated that the housing market remains sluggish and economic activity has continued on its path of slowdown. Weak global economic conditions are also giving bonds a much needed boost. Stocks are rallying […]
Seattle Mortgage Rates Today 8/22/12: “Mortgage Bonds, can you hear me now?” Mortgage Bonds seem to be climbing from the depths of no return. Investors found their way back to the safe haven trade of bonds as news of Apple shares reflected a downgrade along with Dell readjusted their forecast lower. Bonds were positively affected […]
Seattle Mortgage Rates Today 8/21/12: “Does the ECB have a plan?” As was mentioned yesterday, speculation that the European Central Bank will intervene in debt markets in an effort to lower bond yields through Spanish and Italian bond buying came to light again. Still, any plan must be approved by political leaders in Germany; however, […]
Seattle Mortgage Rates Today 8/20/12: With not much to report today, let’s visit the crisis still plaguing Europe. The European Central Bank is deliberating some sort of proposal which would attempt to contain bond yields as they are rising out of control. Some believe this would buy some time to execute a plan to grow […]
