Seattle Mortgage Rates Today 12/18/12: Yesterday, markets received a slight boost as many thought negotiations between the President and House Speaker John Boehner were making progress. However, by the end of the day progress was at a halt. A major component of any deal is revenue. Last week, Boehner considered President Obama’s proposal in raising […]
Seattle Mortgage Rates Today 12/14/12: “Oh for the love…” Once again, news of the fiscal cliff deadlock raises concerns that that Congress and the White House will not come to any resolution by year’s end. Talks between the President Obama and House of Representatives Speaker John Boehner have yet again reached a hurdle; President Obama […]
Seattle Mortgage Rates Today 12/11/12: The clock continues to tick as the White house and Congressional Republicans have yet to reach a fiscal cliff agreement. House of Representatives Speaker John Boehner remains steadfast in his position with the last proposal set before President Obama. Boehner unrelentingly calls for the President to offer a counter proposal […]
Seattle Mortgage Rates Today 12/6/12: “The sky is falling! The sky is falling!” Republicans and Democrats continue their fiscal cliff fight blaming each other in order to gain some leverage. Republicans incited Democrats with rhetoric regarding the debt ceiling to further their influence with their fiscal cliff counter proposal. Although President Obama and House Speaker […]
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 […]
