Seattle Mortgage Rates Today 8/17/12

Mortgage Rates Seattle

Seattle Mortgage Rates Today 8/17/12:  “Mortgage Bonds, you’re our only hope.”   After 9 straight days of losses, mortgage bonds have started their climb upward starting yesterday.  Mortgage bonds continued to break through support levels; it seemed there was no stopping its fall.  Well, bonds are currently at the support of the 100-day Moving Average.  If […]

Seattle Mortgage Rates Today 8/16/12

Seattle Mortgage Rates

Seattle Mortgage Rates Today 8/16/12: “Seriously, what is going on?!”  This will be short and to the point.  Rates have definitely made their way down to the proverbial depths of “insert appropriate place here.”  Interestingly, rates and prices have worsened today; however, mortgage bonds actually opened higher this morning.  Why didn’t we see prices improve […]

Seattle Mortgage Rates Today 8/15/12

Seattle Mortgage Rates

Seattle Mortgage Rates Today 8/15/12: “Uh, can somebody tell me what’s going on here?!”  We’ll keep this short and to the point.  Mortgage bonds have been on a losing streak for the past 9 days beginning with the unexpectedly high Jobs Report on August 3rd.  That was the beginning of the downfall.  Although Europe is […]

Seattle Mortgage Rates Today 8/13/12

Seattle Mortgage Rates Today 8/13/12: “Next on the auction block, Spanish and Italian bonds!”  As the debt crisis continues to worsen, some are hopeful that the European Central Bank (ECB) will feel compelled to purchase Spain and Italy’s debt in order to mitigate the ongoing crisis.  The hope Europeans are experiencing may be false.  A […]

Seattle Mortgage Rates Today 8/10/12

Mortgage Rates Seattle

Seattle Mortgage Rates Today 8/10/12: “What goes down must come up!”  Indeed.  With evidence that the global economy continues to slow, mortgage bonds have begun their upward trend today.  The demand for global imports is also slowing which was validated by China’s weak export numbers.  Global investors are putting their money into the relatively safe […]

Seattle Mortgage Rates Today 8/9/12

Seattle Mortgage Rates Today 8/9/12: “If only I had a crystal ball…”  Now in our 5th day in the downward trend in mortgage bonds, they are attempting to hold after yesterday’s despicable 10-year note auction.  Today’s auction of $16billion in 30-year bonds will be another litmus test for the next reaction to bond prices.  If […]

Seattle Mortgage Rates Today 8/8/12

Seattle Mortgage Rates

Seattle Mortgage Rates Today 8/8/12: While there is not much to report on the mortgage bond forefront, yesterday’s 3- year Treasury note auction  did not bid so well.  Today’s 10-year Treasury auction performed even worse.  Bonds will continue on their downward spiral and expect to see worsening in not just price, but rates.  This trend […]

Seattle Mortgage Rates Today 8/7/12

Seattle Mortgage Rates

Seattle Mortgage Rates Today 8/7/12:  “What goes up must come down…”  Mortgage bonds have been finding their way down since last Friday’s Jobs Report.  With no bond market-altering news here or abroad, stocks have been in an upward trend and continue to do so at the expense of bonds.  Bonds are also affected by this […]