Seattle Mortgage Rates Today 3/26/12: Hold on tight Europe…we are going for another ride! Although it feels as if the drama in Europe has subsided, Spain could be the next contributor to the European debt crisis. The European Central Bank (ECB) was informed by Spain’s new Prime Minister Mariano Rajoy that not only was there […]
Seattle Mortgage Rates Today 3/22/12: Europe, uh-oh! The report regarding services and manufacturing have concluded that the numbers forecasted actually contracted more than anticipated. This validates that the region is on its way into a recession. Although news about the debt crisis has not made any headlines of late, the drama is alive and kicking. […]
Seattle Mortgage Rates Today 3/21/12: What happened to the market yesterday? Last Thursday bonds began their downward trend and on Monday began to stabilize. Yesterday, Warren Buffett, as you may already know, made a comment stating that bonds are not the safe haven today; rather, stocks will offer the investor the best return. Not long […]
Seattle Mortgage Rates Today 3/20/12: What is happening in Portugal? Let’s take a look at where Portugal is sitting assuming reports are correct. Currently public debt is 107% of Gross Domestic Product (GDP) and private debt is an astonishing 280% of GDP. Last year the Portuguese economy shrunk by 1.6% and they are on track […]
Seattle Mortgage Rates Today 3/19/12: “No News is Good News…” With no news to report this morning, bonds remain unchanged today. At the end of last week, bonds were on a slightly upward trend. Looking at the week ahead, there is not much on the economic calendar to report on. This should give mortgage bonds […]
Seattle Mortgage Rates Today 3/16/12: Volatility? Mortgage Bonds continue their downward trend from the last few days. As Europe seems to be settling down somewhat, safe haven trade has been lifted—pressuring the selling of bonds with stocks benefitting. Again, with no hint from the Fed regarding QE3, bonds will continue their falling trend. As we […]
Seattle Mortgage Rates Today 3/14/12: Is the economy improving? Following yesterday’s Fed Policy Statement the knee-jerk reaction by the markets reflected a worsening in rates midday. When speaking of the economy, the Fed admitted that there is an improvement to many areas; however, the housing market was not included. Should this inclination of improvement continue […]
Seattle Mortgage Rates Today 3/13/12: It’s Fed Day…what say you? With the Federal Funds Rate staying put at 0-.25% for the next couple of years, we need to pay attention to the Fed’s Policy Statement. What we need to listen for are hints of a possible quantitative easing (QE3). The Fed’s are walking a fine […]
Seattle Mortgage Rates Today 3/12/12: What say the Fed tomorrow? The Fed discuss two items tomorrow—Monetary Policy Statement and Interest Rate Decision. Obviously, there will be no change in the Fed Funds Rate given the economic climate. However, we need to pay attention to any indication that quantitative easing may take place (QE3). A few […]
Seattle Mortgage Rates Today 3/9/12: Another Grecian Bailout? After private investors of Greek debt were enticed to excuse more than 100B Euros of debt, there was a sharp drop in the Euro. Investors “agreed” to the to the debt forgiveness as the Credit Default Swaps were put into place; if Greece defaults on the bonds, […]
