Seattle Mortgage Rates Today 11/2/12: “Jobs Report, what say you?” This morning, the Labor Department reported the creation of 171,000 jobs for the month October. Revised employment numbers for August and September were released adding another 84,000 jobs to those month’s previous numbers. As the jobless rate remains steady at 7.9%, it may be beneficial […]
Seattle Mortgage Rates Today 11/1/12: Yesterday found the NYSE open after 2 days of being shut down in the wake of Hurricane Sandy. Bond prices are virtually unchanged due to light trading in the markets; expect trading normalcy in the next week as people return to work in the coming days. Do note, however, that […]
Seattle Mortgage Rates Today 10/30/12: There is not much to report today given the catastrophic conditions our friends and family are experiencing on the East Coast. The Fed continues its “open-ended” bond buying while the markets are closed once again. Bonds are also getting a boost this morning as global stocks continue to fall. Of […]
Seattle Mortgage Rates Today 10/25/12: Yesterday, the Federal Open Market Committee’s meeting concluded reiterating its policy regarding Quantitative Easing 3. The FOMC will continue to purchase $40B in mortgage-backed every month until the economy begins to recover, strengthen and stabilize. The Fed also restated that Federal Fund Rates will keep rates near zero until the […]
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 […]
