Seattle Mortgage Rates Today 12/5/12: Mortgage bonds remain relatively unchanged due to the epic fiscal cliff debate. Again, with no end in sight, Congressional Republicans offered a counter proposal which the White House will most likely not accept. Both proposals offer $4 Trillion in reductions over the next 10 years; however, the means by which […]
Seattle Mortgage Rates Today 12/4/12: Until the White House and Congress come to an agreement, the Fiscal Cliff debate will be the headliner. Investors continue to keep a watchful eye on the debate; their position has seen stocks fall today. A Republican deficit-reduction proposal was turned down by President Obama since it did not include […]
Seattle Mortgage Rates Today 11/30/12: After effects from the tragedy that was Hurricane Sandy continue to be experienced by the economy. As reports that consumer spending fell for the first time in the past 5 months in October, economists say that Sandy is only partly to blame as the storm hit U.S. shores near the […]
Seattle Mortgage Rates Today 11/29/12: Yesterday, stock market closed higher in response to the positive rhetoric regarding the fiscal cliff debate. Mortgage bonds opened unchanged this morning; interestingly, mortgage bonds continued on that road even though stocks moved higher and positive economic data was reported. Although trading was sporadic due to the uncertainty regarding economic […]
Seattle Mortgage Rates Today 11/28/12: The Fiscal Cliff debate continues to plague headlines here in the U.S. Yesterday, Senate Majority Leader Harry Reid stated that very little headway has been made regarding the fiscal debate. Today, House Speaker John Boehner was confident that Republicans and Democrats would come to an agreement and mitigate the upcoming […]
Seattle Mortgage Rates Today 11/27/12: Talks between the European Central Bank, International Monetary Fund, and EU finance ministers resulted in a debt deal to unfreeze additional Greek aid. The aid package will reduce Greek debt by €40 billion ($52 billion) by 2020. In order to achieve this goal, finance ministers approved to lower the interest […]
Seattle Mortgage Rates Today 11/26/12: Greece is yet again in the headlines as the International Monetary Fund (IMF) and Euro zone finance ministers meet in an attempt to “unfreeze” another round of bailout funds. Greece is in dire need of the bailout funds to pay approaching debt obligations. Some say that some of Greece’s debt […]
Seattle Mortgage Rates Today 11/21/12: As we consider this week the opening to the holiday season, there is not much to report today. Mortgage bonds continue to remain relatively unchanged in spite of global headlines out of Europe. The citizens of Greece continue to face their dire situation. Austerity measures placed upon Italy and Spain […]
Seattle Mortgage Rates Today 11/20/12: “The sky is falling! The sky is falling!” Global markets were affected as worldwide sentiment hit the headlines. Moody’s downgraded France’s credit rating and U.S. corporate data reported lower than expected. However, the “fiscal cliff” is still at the top of investors’ minds. Doubt surrounding a bipartisan resolution continues to […]
Seattle Mortgage Rates Today 11/19/12: The beginning of the holiday week does not offer us too much to report today. This past weekend leading bipartisan lawmakers and President Obama met in an attempt to reach a deal regarding the fiscal cliff. Promising rhetoric from both parties concluded that a deal will be agreed upon avoiding […]
