Seattle Mortgage Rates Today 6/13/12: Short and sweet today, May reported weak retail sales and year over year inflation (mortgage rate killer) remains in check. Today at 10am PST $21B in 10 year notes will be auctioned. This is very important as the market remains flat right now (9:50am). The results of this auction […]
Seattle Mortgage Rates Today 6/11/2012
Seattle Mortgage Rate Today 6/11/12: If you watched the news over the weekend, you probably saw Spain receiving a 100B Euro band aid. Of course the standard market reaction is the stock market would rally and bond markets take a hit because of the positive outlook on Spain with the money. That […]
Seattle Mortgage Rates Today 6/7/12
Seattle Mortgage Rates today 6/7/12: Grumbling of another round of Quantitative Easing has the markets stirring. Europe facing MAJOR problems after going MONTHS with no plans in place to revive their economy and financial situation has once again put the rumors of mortgage rates moving lower in the U.S. The big BUT is will the […]
Seattle Mortgage Rates Today 6/5/12
Seattle Mortgage Rates Today 6/5/12: “I’ve fallen and I can’t get up!” With continued economic duress, Spain has finally come to its senses by approaching the EU for aid. We have continually heard recently from Mariano Rajoy, Spain’s Prime Minister, that financial institutions do not require a bailout. How wrong is he? Spain’s Budget Minister, […]
Seattle Mortgage Rates Today 6/4/12
Seattle Mortgage Rates Today 6/4/12: “Global investors looking to lose?” Last Thursday, the 10-year Treasury note dropped to an all-time low of 1.56%. Given the dire state of the economy in the EU and around the world, global investors continue to find safe haven trading in US Treasuries. Although inflation is currently at 2%, investors […]
Seattle Mortgage Rates Today 6/1/12
Seattle Mortgage Rate Today 6/1/12: “Where are the Jobs?!” This morning’s Jobs Report came in disappointingly lower than expected. Wednesday’s ADP Report estimated the creation of 120,000 jobs for May which is 30,000 less than expected. However, upon the release of May’s Jobs Report it was much worse than that. With only 69,000 jobs created […]
Seattle Mortgage Rates Today 5/30/12
Seattle Mortgage Rates Today 5/30/12: The European Commission—the executive body of the EU—is requesting the EuroZone should assist banks directly as opposed to leaving each country responsible for their own recapitalization. Given Germany’s resistance, the Commission is in favor of a Euro Bond to aid in containing the crises. Time is not on their side; […]
Seattle Mortgage Rates 5/29/12
Seattle Mortgage Rates Today 5/29/12: Spain’s dire state of uncertainty endures as debt yields continue to rise. Given that there is no type of bank guarantee for deposits, attempting to recapitalize the banks has been difficult. To compare, in the US, should a bank hold a minimum of 5% of non-performing loans against its capital […]
Seattle Mortgage Rates Today 5/25/12
Seattle Mortgage Rates Today 5/25/12: “Euro bond-age für Frau Merkel?” In order to contain the crisis in the EU, there is some gossip that German Chancellor Merkel may be convinced to create Euro bonds. If Euro bonds are issued other Euro Zone countries like Greece, Portugal, Spain and Italy, would subject the citizens of Germany […]
Seattle Mortgage Rates Today 5/24/12
Seattle Mortgage Rates Today 5/24/12: “Contain the contagion.” Germany continues to stand ground on the mandated austerity measures and will not advocate the issue of a Euro bond to mitigate the crisis in Greece. However, there seems to be some positive sentiment that EuroZone officials will take charge and attempt to contain the contagion from […]