Seattle Mortgage Rates Today 8/7/12: “What goes up must come down…” Mortgage bonds have been finding their way down since last Friday’s Jobs Report. With no bond market-altering news here or abroad, stocks have been in an upward trend and continue to do so at the expense of bonds. Bonds are also affected by this […]
Seattle Mortgage Rate Today 8/6/12: Mortgage Bonds are opening just a tick higher today after Friday’s Jobs Report boosted stocks at the expense of bonds. With the better than expected report, hopefully bonds will get back on its feet and begin its upward trend and claim back losses this week. Again, rates should continue to […]
Seattle Mortgage Rates Today 8/3/12: Friday’s Job Report came in better than expected—63,000 higher than the Wednesday’s ADP Report of 100,000. Interestingly, the unemployment rate inched up 0.1% to 8.3%. With slightly better than anticipated economic news, stocks soared at the expense of bonds. We anticipate a correction with the Jobs Report and in-turn a […]
Seattle Mortgage Rates Today 8/2/12: “When I said maybe, I meant no.” A couple of days ago, European Central Bank President Mario Draghi said that they will do whatever it takes to keep the union of the Euro. If that meant more stimulus in the form of Spanish and Italian bond buying, so be it. […]
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Seattle Mortgage Rates Today 8/1/12: Today the Fed released their Monetary Policy Statement. In true Fed form, no hint of any easing was even hinted at. We were anticipating some easing in the form bonds—mortgage bonds. But that did not happen. How did the market react? Well, let’s just say that the bonds suffered with […]
Seattle Mortgage Rates Today: This Wednesday, the Fed will release the Monetary Policy Statement and Interest Rate decision. Bonds have been compromised the past few days as investors sought stocks anticipating the implementation of QE3 or some other type of stimulus. Will the Fed even mention QE3? Most likely not and we may find bonds […]
Seattle Mortgage Rates Today 7/26/12: “Will Spain need a bailout?” As Spain’s interest rate continues to climb to an unsustainable rate nearing 8%, Economy Minister Luis de Guindos acknowledged that they may need a full-blown bailout at the tune of €300BN. Germany’s Finance Minister, Wolfgang Schaeuble, is not in favor of that at notion—at least […]
This may be the averages of National sales but we continue to hear from our real estate agent partnerships that new home construction in Seattle and Bellevue continue to sell quickly. Right now modern construction in Seattle is the fastest seller in the $350,000 to $700,000 price range. “New Home Sales fall 8.4% in […]
Seattle Mortgage Rates Today 7/25/12: “Knock-Knock. Who’s there? It’s QE3!” With unemployment standing still at 8.2% and stagnant growth, the Fed may have no other choice other than another round of quantitative easing (QE3). This news benefitted stocks while compromising bonds. History tells us that any hint of stimulus will induce market reaction at the […]
