Seattle Mortgage Rate Today 8/6/12: Mortgage Bonds are opening just a tick higher today after Friday’s Jobs Report boosted stocks at the expense of bonds. With the better than expected report, hopefully bonds will get back on its feet and begin its upward trend and claim back losses this week. Again, rates should continue to […]
Seattle Mortgage Rates Today 8/3/12: Friday’s Job Report came in better than expected—63,000 higher than the Wednesday’s ADP Report of 100,000. Interestingly, the unemployment rate inched up 0.1% to 8.3%. With slightly better than anticipated economic news, stocks soared at the expense of bonds. We anticipate a correction with the Jobs Report and in-turn a […]
Seattle Mortgage Rates Today 8/2/12: “When I said maybe, I meant no.” A couple of days ago, European Central Bank President Mario Draghi said that they will do whatever it takes to keep the union of the Euro. If that meant more stimulus in the form of Spanish and Italian bond buying, so be it. […]
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Seattle Mortgage Rates Today 8/1/12: Today the Fed released their Monetary Policy Statement. In true Fed form, no hint of any easing was even hinted at. We were anticipating some easing in the form bonds—mortgage bonds. But that did not happen. How did the market react? Well, let’s just say that the bonds suffered with […]
