Seattle Mortgage Rates Today 4/25/12: “Uh-oh…here comes the Fed!” Today the Fed Statement and the Interest Rate Decision will be released. Well, there’s one thing we know for sure…the rate will not be moving in any direction. However, Fed Chairman Bernanke will be hosting a press conference at lunch time to answer questions. Will there […]
Seattle Mortgage Rates Today 4/5/12: With Initial Jobless Claims reported at a 4-year low, the bond market is on an upward trend after falling last Tuesday. With debt fears still lurking in Europe, investors are finding their way back to the safe haven trade giving bonds a boost. Although the labor department reported that the […]
Seattle Mortgage Rates Today 4/4/12: After the Fed minutes were released yesterday (3/13 meeting), the market’s downward spiral was an unpredicted knee-jerk reaction. Mortgage bonds are attempting to stabilize today after hearing positive news from Spain about their impending debt crisis. Given that yesterday’s minutes did not hint at a QE3 unless the economy falters, […]
Seattle Mortgage Rates Today 4/2/12: Undeniably, the debt problems affecting Europe are far from over. Negative sentiment surrounding news that manufacturing has been in the decline for the past 7 months continues to weaken the equity markets while giving bonds a much needed boost. With rumors of the Fed implementing another round of Quantitative Easing […]
Seattle Mortgage Rates Today 3/30/12: “Income on the rise? I think not!” Reports of Personal Income and Spending came in near expectations. Although personal income increased by 0.2%, what is not considered is the inflation adjusted income. Personal Consumption Expenditures, which includes food and energy, was up 0.3%–so income actually declined by 0.1%. In the […]
Seattle Mortgage Rates Today 3/29/12: “Whatcha talkin’ ‘bout, Greece?!” It shouldn’t be a surprise to anyone that Greece may have to restructure their debt once again. US bonds benefitted from this negative news from S & P. When the next restructuring of debt takes place, those EU governments that lent money will be at a […]
Seattle Mortgage Rates Today 3/28/2012: There is not much to report today as we find mortgage rates at their best levels from the past 2 weeks. Durable Goods reports a disappointing number at 2.2%–0.6% lower than expected—which helped bonds gain some ground. Volatility is still rampant however and a knee-jerk reaction by the market is […]
Seattle Mortgage Rates Today 3/26/12: Hold on tight Europe…we are going for another ride! Although it feels as if the drama in Europe has subsided, Spain could be the next contributor to the European debt crisis. The European Central Bank (ECB) was informed by Spain’s new Prime Minister Mariano Rajoy that not only was there […]
Seattle Mortgage Rates Today 3/22/12: Europe, uh-oh! The report regarding services and manufacturing have concluded that the numbers forecasted actually contracted more than anticipated. This validates that the region is on its way into a recession. Although news about the debt crisis has not made any headlines of late, the drama is alive and kicking. […]
Seattle Mortgage Rates Today 3/21/12: What happened to the market yesterday? Last Thursday bonds began their downward trend and on Monday began to stabilize. Yesterday, Warren Buffett, as you may already know, made a comment stating that bonds are not the safe haven today; rather, stocks will offer the investor the best return. Not long […]
