Home prices in the Case-Shiller 20-City Composite increased 1.6% from June to July. This is the third consecutive month that all 20 cities recorded increases. Year-over-year the 20-city composite index is up 1.2% and 16 of the 20 cities have seen yearly increases. Seattle is continues to make the Chart!!!!
Seattle Mortgage Rates Today 9/27/12: Despite some disappointing economic reports, mortgage bonds are trading lower following nearly a week of gains. Alarmingly, Durable Goods Orders—items expected to last more than 3 years and a good indicator of manufacturing—came in at -13.2%. Yes, that’s a negative 13.2 percent. This reading is nearly 3 times worse than […]
Seattle Mortgage Rates Today 9/26/12: “Is this all a dream…?” Incredibly, mortgage bonds continue to soar as negative sentiment out of Europe continues to worsen. Further mandated austerity measures in Greece fueled nearly 70,000 rioters to the Greek Parliament. Spain is back in the news with unrest in the capital of Madrid. Mariano Rajoy, Prime […]
Seattle Mortgage Rates Today 9/25/12: Another glorious day for bonds as they reach record highs since the implementation of Quantitative Easing 3. The Fed’s money printing seems to be working as they buy mortgage bonds with such rapture that there is more demand than supply. But it’s not all wine and roses… As the Fed […]
Seattle Mortgage Rates Today 9/24/12: As negative sentiment regarding Greece’s debt crisis reveals itself, mortgage bonds reach all-time highs. The European Central Bank (ECB), the International Monetary Fund (IMF), and the European Commission, referred to as “The Troika,” have been analyzing Greece’s ability to meet its current targets in reducing their deficit. Greece is due […]
Seattle Mortgage Rates Today 9/21/12: With no economic news here or across the pond, there is not much to report today. Mortgage bonds remain unchanged this morning giving those the opportunity to lock their rates without any losses or gains…consider it an “extra” day on your lock. The Federal Reserve’s immediate implementation of Quantitative Easing […]
Seattle Mortgage Rates Today 9/19/12: “Lock ‘em if you got ‘em!” The initial implementation of Quantitative Easing 3 is already providing results. Although the results may be short-lived, mortgage bonds are trading higher this morning. Prices have adjusted offering rates 0.125% lower than yesterday. With most of the Fed bond purchases taking place in the […]
Seattle Mortgage Rates Today 9/18/12: “Will Quantitative Easing 3 work?” After the Fed’s announcement of QE3 last week and the immediate implementation of the new stimulus plan, mortgage bonds are still ahead but are still not near the highs achieved after last Thursday. Mortgage bonds continue to hold ground for the fact that mortgage backed […]
Seattle Mortgage Rates Today 9/17/12: Although mortgage bonds are trading higher this morning, there is not much to report. Mortgage bonds did get a boost last week after the Federal Reserve announced another round of stimulus referred to as Quantitative Easing 3 (QE3). The Fed intends to purchase Mortgage-Backed Securities to the tune of $40 […]
Seattle Mortgage Rates Today 9/14/12: “It’s the Great Quantitative Easing 3, Ben Bernanke!” Yesterday, as markets waited in anticipation of the Fed’s statement on monetary policy, the announcement of QE3 did not come as a surprise at all. What was unanticipated was the assertiveness of the plan; the Fed announced the ongoing purchasing of Mortgage-backed […]
