Seattle Mortgage Rates Today 9/21/12: With no economic news here or across the pond, there is not much to report today. Mortgage bonds remain unchanged this morning giving those the opportunity to lock their rates without any losses or gains…consider it an “extra” day on your lock. The Federal Reserve’s immediate implementation of Quantitative Easing […]
Seattle Mortgage Rates Today 9/19/12: “Lock ‘em if you got ‘em!” The initial implementation of Quantitative Easing 3 is already providing results. Although the results may be short-lived, mortgage bonds are trading higher this morning. Prices have adjusted offering rates 0.125% lower than yesterday. With most of the Fed bond purchases taking place in the […]
Seattle Mortgage Rates Today 9/18/12: “Will Quantitative Easing 3 work?” After the Fed’s announcement of QE3 last week and the immediate implementation of the new stimulus plan, mortgage bonds are still ahead but are still not near the highs achieved after last Thursday. Mortgage bonds continue to hold ground for the fact that mortgage backed […]
Seattle Mortgage Rates Today 9/17/12: Although mortgage bonds are trading higher this morning, there is not much to report. Mortgage bonds did get a boost last week after the Federal Reserve announced another round of stimulus referred to as Quantitative Easing 3 (QE3). The Fed intends to purchase Mortgage-Backed Securities to the tune of $40 […]
Seattle Mortgage Rates Today 9/14/12: “It’s the Great Quantitative Easing 3, Ben Bernanke!” Yesterday, as markets waited in anticipation of the Fed’s statement on monetary policy, the announcement of QE3 did not come as a surprise at all. What was unanticipated was the assertiveness of the plan; the Fed announced the ongoing purchasing of Mortgage-backed […]
Seattle Mortgage Rates Today 9/13/12: As I begin to type this, the Fed will begin to release their statement on monetary policy. In the highly anticipated broadcast, we expect the Federal Open Market Committee (FOMC)—the policy-making constituency of the Federal Reserve—to announce the unveiling of a 3rd round of stimulus referred to as QE3. Mortgage […]
Seattle Mortgage Rates Today 9/12/12: “And the German High Court says…” Finding that the Euro Zone bailout furthered by European Central Bank President Mario Draghi is legal, stocks are getting a boost this morning at the expense of bonds. In order to maintain control, the German court contended that that the German parliament should have […]
Seattle Mortgage Rates Today 9/10/12: With not much to report as mortgage bonds are trading near unchanged levels today, this will short and to the point. Last week upon hearing the weak jobs report on Friday, bonds saw a much needed boost. However, the German high court ruling regarding the legality of the unlimited rescue […]
Seattle Mortgage Rates Today 9/6/12: “Well, isn’t that special, Mario.” Today’s announcement from European Central Bank President, Mario Draghi, negatively affected mortgage bonds. Early this morning, Mr. Draghi announced that the ECB will implement a bond-buying program aimed at Italy and Spain. Although this was expected, markets continued to hold off on trading until the […]
Seattle Mortgage Rates Today 9/5/12: “Mario Draghi, what say you?” In anticipation of tomorrow’s European Central Bank (ECB) meeting on Thursday, speculation surrounding a bond buying program to assist Italy and Spain is at the top of the list. Although the ECB has refused to support that notion, it’s difficult not to believe that as […]
