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 […]
Seattle Mortgage Rates Today 9/4/12: With not much to report today, this will be short. Last week, Fed Chair Ben Bernanke announced that another round of quantitative easing was imminent. However, we just don’t know when. That sentiment gave markets a boost –including mortgage bonds. Well, those mortgage bond gains have diminished slightly on word […]
Seattle Mortgage Rates Today 8/30/12: “Ben Bernanke, what say you?” Foreshadowing tomorrow’s Fed speech on monetary policy, Dennis Lockhart, Atlanta’s Federal Reserve President, stated that “further stimulus could have some positive effects.” Well, isn’t that the point of easing? Fundamentally, another round of easing is needed and it’s highly anticipated that Benny Bernanke will make […]
Seattle Mortgage Rates Today 8/29/12: “Let’s wait and see what happens next…” This is the sentiment markets are maintaining until Federal Reserve Chairman Ben Bernanke delivers his speech on economic and monetary policy on Friday in Jackson Hole, Wyoming. Mortgage bonds are trading slightly lower as the estimate for the 2nd quarter Gross Domestic Product […]
Seattle Real Estate highlighted with good news! All 20 cities in the Case-Shiller home price index had monthly increases from May to June. This marks the second straight month in which all 20 cities have posted monthly gains. Of the 20 cities Detroit, Minneapolis, Chicago and Atlanta had the biggest montly gains. June also represents […]
Seattle Mortgage Rates Today 8/28/12: “What’s everyone waiting for?” The markets are seeing some very light activity as they maintain a “let’s wait and see what happens” approach. With Fed Chair Ben Bernanke delivering his speech on monetary policy this Friday, markets obviously do not know what to expect. Yesterday, the stock market saw its […]
Seattle Mortgage Rates Today 8/27/12: “It’s the great Quantitative Easing, Mortgage Bonds!” Although there is not much to report today, the big announcement will most likely come this Friday. Federal Reserve Chairman Ben Bernanke will meet in Jackson Hole, Wyoming for the annual speech on monetary policy. Will it be a repeat of the last […]
Seattle Mortgage Rates Today 8/24/12: Not much to report today. Although bonds opened slightly higher this morning in an attempt to hold to the gains—albeit small—prices remain relatively unchanged from yesterday. Talk of additional stimulus from Fed Chair Ben Bernanke in order to boost the US economy was stated in a letter to a congressional […]
Seattle Mortgage Rates Today 8/23/12: “It’s about time, Mr. Bonds!” Release of the Federal Reserve minutes form the most recent meeting, not surprisingly, stated that the housing market remains sluggish and economic activity has continued on its path of slowdown. Weak global economic conditions are also giving bonds a much needed boost. Stocks are rallying […]
