Seattle Mortgage Rates Today 1/17/13: The bond markets were negatively affected today upon release of better than expected economic data. Last week, the number unemployment claims reached an all-time low since the beginning of 2008. It was reported by the Labor department that claims fell by 37,000 to 335,000; however, this time of year tends […]
Seattle Mortgage Rates Today 1/15/13: “And the uncertainty starts…now!” Mortgage bonds are getting a slight boost this morning as concerns over the debt ceiling come to light. Talks with Republicans were rejected yesterday by the President. Republicans insist that any increase in the deb celling must be matched with dollar for dollar spending cuts with […]
Seattle Mortgage Rates Today 1/14/13: U.S. bond markets opened a bit higher this morning on news that Japan may begin a program purchasing foreign securities which would include U.S. Treasuries. The Japanese Yen (¥) fell slightly on word that the Bank of Japan approved a monetary stimulus program last week to the tune of $117 […]
Seattle Mortgage Rates Today 1/10/13: Once again, markets react to positive news coming from the world’s second largest economy, China. Mortgage bonds opened lower as investors moved their resources to stocks. Shares rose both here and abroad with new data reflecting that a balance of imports and exports out of China. However, Japan found itself […]
Seattle Mortgage Rate Today 1/7/13: “Have mortgage bond prices bottomed out?” After several days of falling mortgage bonds last week resulting from Federal Reserve members remarking that Quantitative Easing 3 should end this year, bonds are attempting to stabilize. Although stocks have climbed to an all-time high, investors cashed in their gains today as news […]
Seattle Mortgage Rates Today 1/4/13: Mortgage bonds have been on a wild ride and settled lower on yet another day. Although the Jobs Report came in at the anticipated 155,000 jobs for December, the unemployment rate still sits at 7.8%. While some may see that figure reflecting an economy that is recovering, albeit at a […]
Seattle Mortgage Rates Today 1/2/13: Republicans are perturbed with the “fiscal cliff” deal they settled for by a vote of 257 to 167 in the House. Although the current deal ensures no tax hikes for 98% of American families, the deal did not address entitlement spending cuts to government programs for the poor and retirees. […]
Seattle Mortgage Rates Today 12/31/12: Although talks are currently taking place regarding the fiscal cliff, still no deal has been made. These talks, however, helped stocks improve though those gains may be lost later. The market’s reaction has been positive believing that any negative impact can be mitigated way down the road. Currently, there is […]
Seattle Mortgage Rates Today 12/28/12: As we near the end of the year without a resolution to the “fiscal cliff,” global markets are being negatively affected. Stocks in the U.S. have been falling this past week giving bonds a slight uptick in prices. With no time to spare, Congress may let the tax hikes and […]
Seattle Mortgage Rates Today 12/27/12: As President Obama makes his way back to the White house today to address the “fiscal cliff,” Senate Majority Leader Harry Reid offered little hope in terms of a deal from House Republicans. With just days to the end of existing tax cuts, it seems impossible for Congress and the […]
