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 […]
Seattle Mortgage Rates today 11/16/12: Concerns over the euro zone’s debt crisis continues to weigh on investors negatively affecting top European shares. Protests and strikes continue to plague the region with more rhetoric of tax hikes and spending cuts. As for Germany, their debt auction was successful due to fear and uncertainty surrounding Greece and […]
Seattle Mortgage Rates Today 11/13/12: Coming out of the holiday weekend, there is not much to report given the lack of economic data this week. Bonds continue to be supported by news of the fiscal cliff. With uncertainty of surrounding the fiscal cliff, the President is pushing for bi-partisan support for a solution as tax […]
Seattle Mortgage Rates Today 11/9/12: Once again, mortgage bonds remain relatively unchanged. Although mortgage bonds have moved upward, the gains in bonds are relatively small given the circumstances—stocks have fallen and the Euro has moved lower in reaction to the Greek dissent on the parliament-approved austerity package. ”The name is Cliff. Fiscal Cliff.” Now that […]
Seattle Mortgage Rates Today 11/8/12: There is not much to report today as mortgage bonds remain unchanged this morning. Bonds are most likely unaffected as Quantitative Easing 3 continues to do its job and keep rates low and bond prices high. As was mentioned before, as the Fed continues to purchase bonds to the tune […]
Seattle Mortgage Rates Today 11/7/12: Over in Greece, parliament narrowly passed the latest austerity package despite opposition. Opposition lawmakers and parliament employees walked out in protest halting the current session temporarily. In response to the austerity measures, police countered nearly 100,000 protesters outside parliament with water cannons and teargas. Demonstrator’s dissent stems from the idea […]
Seattle Mortgage Rates Today 11/5/12: News of Greece’s presentation of the proposed austerity package to parliament is in the headlines. As was mentioned before, debt-laden Greece was sure to bear its ugly head. In order to fend off bankruptcy and secure additional aid from the European Central Bank, parliament needs to approve the new package. […]
