: Rumor has is that the Greek government and bondholders will not be able to meet the deadline on Thursday in regards to the debt swap. Should we see a default, the chances for Spain and Italy to receive aid to assist in mitigating the debt crisis would be compromised. The fear of Greece defaulting […]
FHA home loan financing will be more expensive for all Seattle home buyers and owners starting April 2012. Review the changes to prevent increased costs now.
Seattle Mortgage Rates Today 3/5/12: Interestingly, we are discovering that the Swiss National Bank and the Bank of Israel, which are highly conservative Central Banks, will be in the market for US stocks in an attempt to increase their investment yields. It’s expected that the Bank of Israel plans to invest a marked amount of […]
Seattle Mortgage Rates Today 3/1/12: What happened after Fed Chair Bernanke spoke yesterday? His testimony in front of the House Financial Services Committee stated that the housing and labor market were sluggish and fragile. Surprisingly, there was no mention of QE3 exacerbating the disappointment of the markets as both stocks and bonds closed lower at […]
Seattle Mortgage Rates Today 2/29/12: What ensued after the ECB’s LTRO? Yesterday’s post mentioned that the first Long Term Refinance Operation (LTRO) administered by the European Central Bank (ECB) was viewed somewhat negatively as it revealed lingering problems. The ECB surprised economists when they dispersed 60B Euros more than the expected 470B Euros that banks […]
Keith not only responded quickly, often in the course of minutes, but also maintained an impressive short time line for completion of the transaction. And in addition to attaining a great mortgage in record time he continues, to this day, to be a wonderful source of information and expertise.
Seattle Mortgage Rates Today 2/28/12: Mortgage Bonds are benefitting with the report that consumer goods lasting more than 3 years came in much lower than expected. However, varied news out of Europe is mitigating any significant gains. Reporting for economic confidence for the month of February came in above expectations in the European Union. Superficially, […]
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Seattle Mortgage Rates Today 2/27/12: After the G-20 Summit this past weekend, it was decided that the international community will not offer any aid to the European Union. The EU needs to commit its own money in building a necessary firewall to contain the ongoing debt crisis. As the most financially stable country in the […]
Seattle mortgage rates today 2/8/12: Today’s 10yr note auction received a “B+” today. This has helped provide a small improvement to the bonds, but overall mortgage rates remain the same. No economics news is due out for today, so it should remain a pretty quiet afternoon. Greece postponed the debt solution announcement yesterday. Final details […]
