Seattle Mortgage Rates Today 5/23/12: “Next on the chopping block, Greece!” Unfortunate words were uttered yesterday as the former Prime Minister of Greece, Lucas Papademos, stated that the “Grexit” is quite possible. As the drama unfolds, Greek citizens will continue to withdraw their Euros unless the European Central Bank steps in and announces they will […]
Seattle Mortgage Rates Today 5/22/12: “Whatcha talkin’ ‘bout, Alexis?!” Uncertainty continues to prevail in Greece as the country will have another attempt at electing a new government come June 17th. Alexis Tsipras, the leader of Syriza—the anti-bailout constituency—is on the rise. This radical left-party believes Greece can reject the terms from the EU government regarding […]
Seattle Mortgage Rates Today 5/21/12: “Grecian Formula?” With not much news—good or bad—coming from Europe, we may see equities positively affected in the near term. As of late, leaders in the EU are now articulating that Greece should remain in the Euro as negative unintended consequences may rear its ugly head. Will the citizens of […]
Seattle Mortgage Rates Today 5/18/12: There is not much to report about today except for the highly anticipated Facebook IPO. It opened higher than expected—about 25% higher. Mortgage Bonds are slightly affected as stocks move higher with the release of the IPO. In addition, given that the drama in Europe has calmed and no national […]
Seattle Mortgage Rates Today 5/17/12: “Hey, Greece, is this what purgatory feels like?” Still with no unified government, Greece is in political purgatory. The opposition between The New Democracy, the pro-bailout constituency, and Syriza, the anti-bailout party, continues to divide the country. News that select banks in Greece will not receive funding any longer from […]
Seattle Mortgage Rates Today 5/16/12: “Greece, get it together!” Yesterday in Berlin, German Chancellor Merkel and French President Hollande met for the first time. Not surprisingly, if Greece can unite, Hollande and Merkel stated they would mull over measures that may spur growth. The citizens of Greece desperately need to vote in a government that […]
Seattle Mortgage Rates Today 5/15/12: “Opposites Attract?” France’s newly elected President, Francois Hollande, and Germany’s Chancellor, Angela Merkel, go on their “first date” today. Since former President Sarkozy left office, the sentiment regarding Hollande and Merkel has been uncertain. Why? President Hollande’s election platform is contrary to Chancellor Merkel’s economic principles. Monsieur Hollande believes to […]
Seattle Mortgage Rates Today 5/14/12: “It’s the Great Greece Exit, Euro Zone!” As the minutes tick by, the crisis in Greece continues to worsen. Exacerbated by the mandated austerity measures and bailout-resistant people, Greece remains in political purgatory unable to form a decisively cohesive government. In Brussels, European Union officials are strategizing on how to […]
Seattle Mortgage Rates Today 5/11/12: “Grexit-ing?” Wolfgang Schaeuble, Germany’s Finance Minister, voiced his opinion proposing Greece exit the Euro. However, should Greece exit there would be a plethora of unintended, detrimental consequences. The financial commitment needed from the EU is colossal as the European Central Bank would have to buy bonds from Italy and Spain […]
Seattle Mortgage Rates Today 5/10/12: “Is the collapse of the EU on the horizon?” Those words may ring true in 2013 should Greece find itself seceding from the European Union. Obviously, with their debt woes and mandated austerity measures, Greece will not be coming out of the abyss anytime soon. Other countries experiencing economic crises, […]
