Seattle Mortgage Rates Today 9/17/12: Although mortgage bonds are trading higher this morning, there is not much to report. Mortgage bonds did get a boost last week after the Federal Reserve announced another round of stimulus referred to as Quantitative Easing 3 (QE3). The Fed intends to purchase Mortgage-Backed Securities to the tune of $40 […]
Seattle Mortgage Rates Today 9/14/12: “It’s the Great Quantitative Easing 3, Ben Bernanke!” Yesterday, as markets waited in anticipation of the Fed’s statement on monetary policy, the announcement of QE3 did not come as a surprise at all. What was unanticipated was the assertiveness of the plan; the Fed announced the ongoing purchasing of Mortgage-backed […]
Seattle Mortgage Rates Today 9/13/12: As I begin to type this, the Fed will begin to release their statement on monetary policy. In the highly anticipated broadcast, we expect the Federal Open Market Committee (FOMC)—the policy-making constituency of the Federal Reserve—to announce the unveiling of a 3rd round of stimulus referred to as QE3. Mortgage […]
Seattle Mortgage Rates Today 9/12/12: “And the German High Court says…” Finding that the Euro Zone bailout furthered by European Central Bank President Mario Draghi is legal, stocks are getting a boost this morning at the expense of bonds. In order to maintain control, the German court contended that that the German parliament should have […]
Seattle Mortgage Rates Today 9/10/12: With not much to report as mortgage bonds are trading near unchanged levels today, this will short and to the point. Last week upon hearing the weak jobs report on Friday, bonds saw a much needed boost. However, the German high court ruling regarding the legality of the unlimited rescue […]
Seattle Mortgage Rates Today 9/6/12: “Well, isn’t that special, Mario.” Today’s announcement from European Central Bank President, Mario Draghi, negatively affected mortgage bonds. Early this morning, Mr. Draghi announced that the ECB will implement a bond-buying program aimed at Italy and Spain. Although this was expected, markets continued to hold off on trading until the […]
Seattle Mortgage Rates Today 9/5/12: “Mario Draghi, what say you?” In anticipation of tomorrow’s European Central Bank (ECB) meeting on Thursday, speculation surrounding a bond buying program to assist Italy and Spain is at the top of the list. Although the ECB has refused to support that notion, it’s difficult not to believe that as […]
Seattle Mortgage Rates Today 9/4/12: With not much to report today, this will be short. Last week, Fed Chair Ben Bernanke announced that another round of quantitative easing was imminent. However, we just don’t know when. That sentiment gave markets a boost –including mortgage bonds. Well, those mortgage bond gains have diminished slightly on word […]
