Seattle Mortgage Rates Today 5/9/12: Mortgage Bonds continue to trade at all-time highs as the Euro continues to fall against the dollar as political unrest unfolds in the region. Investors are finding themselves in the safe haven of mortgage bonds and government securities. Given the complexity of the problems affecting the EU, recovery is not […]
Seattle Mortgage Rates Today 5/8/12: Greece is still in limbo as the country continues to struggle to form a new government. The battle between The New Democracy and Syriza is exacerbating the debt crisis that Greece has been dealing with for the past 2 years. In addition, we may see more of Spain and the […]
Seattle Mortgage Rates Today 5/7/12: “Sar-ko-zy! C’est Fini! Sar-ko-zy! C’est Fini!” This was the sentiment that was chanted yesterday as French President Nicolas Sarkozy was bid au revoir. Since the financial crisis began, France’s newly elected President, Francois Hollande, will be the ninth Euro Zone leader to be voted in—out with the old and in […]
Seattle Mortgage Rates Today 5/4/12: “Uh-oh, Friday’s Jobs Report…” In anticipation of today’s Jobs Report comes a very disappointing number of jobs created. After the ADP report on Wednesday, analysts expected the number of jobs created in April to be 165,000. Between the creation of 130,000 private sector jobs offsetting government jobs the actual number […]
Seattle Mortgage Rates Today 5/3/12: As the markets ready themselves for the all-important Job Report tomorrow, mortgage bonds remain unchanged. Speaking of unchanged, European Central Bank’s President, Mario Draghi, cited that bank rates will remain at 1%. He also stated that there is “tentative stabilization” in the economy although the unemployment rates continue to climb […]
Seattle Mortgage Rates Today 5/2/12: “Word of the day? ‘UNEMPLOYMENT!’” Today’s ADP Report, which recounts the current state of private sector jobs, reflected a disappointing 119,000 gains. With this Friday’s Jobs Report due, the ADP Report does not fare well as 167,000 private sector jobs were expected to be created. Also expected is the low […]
Seattle Mortgage Rates Today 5/1/12: “Quantitative Easing 3, where are you?” San Francisco Federal Reserve President, John Williams, and Dallas Federal Reserve President, Richard Fisher, concurred that the Federal Reserve should not implement any further monetary easing. However, those two top Fed officials also agree that rates should not be raised in the near term. […]
Seattle Mortgage Rates Today 4/30/12: “Propera víctima de la recessió … Espanya! / The recession’s next victim…Spain!” Once again, negative sentiment coming from Europe is pushing bonds just a bit higher today. The European Union’s 4th largest economy, Spain, has officially announced that it has entered its 2nd, yes, that’s right folks, its 2nd recession […]
Seattle Mortgage Rates Today 4/27/12: “Uh-oh, this doesn’t look good.” The final GDP reading in the 4th quarter of last year was sitting at 3%. The release of the advanced GDP reading for the 1st quarter of 2012 came in 0.3% lower than the expectations at 2.2%. Also revealed in the report was that personal […]
Seattle Mortgage Rates Today 4/26/12: “What Say the Fed?” Once again, yesterday’s Fed meeting yielded nothing new from the meeting last month. At this point in the game, and it comes as no surprise, really, that the Fed in its feeble attempt to support the current state of the economy, would have no say about […]
