Seattle Mortgage Rates Today 10/24/12: “FOMC, what say you?” Today finishes the Federal Open Market Committee’s (FOMC) meeting concerning monetary policy. There’s not much to report as Quantitative Easing 3 has been implemented and that the Fed Funds Rate will not be increased has already been stated. That much we do know. Perhaps the Fed […]
Seattle Mortgage Rates Today 10/23/12: “Is Spain’s Pain Our Gain?” Not surprisingly, Spain’s woes are just beginning. Over the past few weeks Spain has been holding off in requesting a sovereign bailout from the European Central Bank (ECB). Germany’s Chancellor Angela Merkel has been a keen supporter in staving off a bailout as well saying […]
Seattle Mortgage Rates Today 10/22/12: As with most Mondays, there is not much to report today. There are not many market-altering reports due this week but the first reading for the 3rd quarter GDP on Friday. Keep in mind that the GDP for the 2ndquarter was a low 1.3%. This week also brings us the […]
Seattle Mortgage Rates Today 10/19/12: Mortgage bonds are holding their ground as they opened a bit higher this morning. Global stocks fell as corporate earnings from GE, Microsoft and Google were reported lower than expected. Also supporting bonds is Gross Domestic Product (GDP) is remaining under 2%–much lower than expectations. Fundamentally, rates should remain at […]
Seattle Mortgage Rates Today 10/17/12: Housing starts for the month of September reflected a 15% jump of 104,000 better than the expected 768,000. Since mid-2008, this was the swiftest pace in housing starts. The Commerce Department’s report also showed that housing is adding to the positive outlook in the economy. However, do note that the […]
Seattle Mortgage Rates 10/16/12: “The aid in Spain falls mainly on their pain…” As the European Union summit opens on Thursday, there are hints that Spain may request aid from the European Central Bank through bond-buying. This is not the agenda of this summit. Spain has been at the ready to request aid; however, Germany […]
Seattle Mortgage Rates Today 10/15/2012: There is not much to report today as mortgage bonds remain relatively unchanged ahead of this week’s economic reports. Slightly affecting market, Retail sales for the month of September climbed as consumer confidence strengthened. The Commerce Department reported a rise of 1.1% last month on the coattails of a declining […]
Seattle Mortgage Rates Today 10/11/12: Affecting mortgage bonds this morning is the Labor Department’s report on Initial Jobless Claims. At 339,000—its lowest level in over 4 years—the report states that claims fell by 30,000 last week. This comes after last Friday’s Jobs Report which stated a drop in unemployment to the tune of 0.3%–now sitting […]
Seattle Mortgage Rates Today 10/9/12: With not much to report today as we come out of the Columbus Day Holiday, markets remain relatively unchanged. Mortgage bonds opened a bit higher today after last week’s graduated losses. The International Monetary Fund (IMF) reported that the world economy will grow by 3.3% this year—this is the slowest […]
Seattle Mortgage Rates Today 10/5/12: The Jobs Report came in lower than expectations with the creation of 114,000 new jobs. Given that this is an elections year, it’s not at all surprising that President Obama would be stating that the unemployment rate fell by 0.3% from its previous high of 8.1%. It was shown that […]
