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. […]
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 […]
