Seattle Mortgage Rates Today 8/13/12: “Next on the auction block, Spanish and Italian bonds!” As the debt crisis continues to worsen, some are hopeful that the European Central Bank (ECB) will feel compelled to purchase Spain and Italy’s debt in order to mitigate the ongoing crisis. The hope Europeans are experiencing may be false. A […]
Seattle Mortgage Rates Today 8/10/12: “What goes down must come up!” Indeed. With evidence that the global economy continues to slow, mortgage bonds have begun their upward trend today. The demand for global imports is also slowing which was validated by China’s weak export numbers. Global investors are putting their money into the relatively safe […]
Seattle Mortgage Rates Today 8/9/12: “If only I had a crystal ball…” Now in our 5th day in the downward trend in mortgage bonds, they are attempting to hold after yesterday’s despicable 10-year note auction. Today’s auction of $16billion in 30-year bonds will be another litmus test for the next reaction to bond prices. If […]
Seattle Mortgage Rates Today 8/8/12: While there is not much to report on the mortgage bond forefront, yesterday’s 3- year Treasury note auction did not bid so well. Today’s 10-year Treasury auction performed even worse. Bonds will continue on their downward spiral and expect to see worsening in not just price, but rates. This trend […]
Seattle Mortgage Rates Today 8/7/12: “What goes up must come down…” Mortgage bonds have been finding their way down since last Friday’s Jobs Report. With no bond market-altering news here or abroad, stocks have been in an upward trend and continue to do so at the expense of bonds. Bonds are also affected by this […]
Seattle Mortgage Rate Today 8/6/12: Mortgage Bonds are opening just a tick higher today after Friday’s Jobs Report boosted stocks at the expense of bonds. With the better than expected report, hopefully bonds will get back on its feet and begin its upward trend and claim back losses this week. Again, rates should continue to […]
Seattle Mortgage Rates Today 8/3/12: Friday’s Job Report came in better than expected—63,000 higher than the Wednesday’s ADP Report of 100,000. Interestingly, the unemployment rate inched up 0.1% to 8.3%. With slightly better than anticipated economic news, stocks soared at the expense of bonds. We anticipate a correction with the Jobs Report and in-turn a […]
Seattle Mortgage Rates Today 8/2/12: “When I said maybe, I meant no.” A couple of days ago, European Central Bank President Mario Draghi said that they will do whatever it takes to keep the union of the Euro. If that meant more stimulus in the form of Spanish and Italian bond buying, so be it. […]
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Seattle Mortgage Rates Today 8/1/12: Today the Fed released their Monetary Policy Statement. In true Fed form, no hint of any easing was even hinted at. We were anticipating some easing in the form bonds—mortgage bonds. But that did not happen. How did the market react? Well, let’s just say that the bonds suffered with […]
