Seattle Mortgage Rates Today 10/9/12
Seattle Mortgage Rates Today 10/9/12: With not much to report today as we come out of the Columbus Day Holiday, markets remain relatively unchanged. Mortgage bonds opened a bit higher today after last week’s graduated losses. The International Monetary Fund (IMF) reported that the world economy will grow by 3.3% this year—this is the slowest rate of growth since 2009. They also report that the U.S. and Europe need to contain their crises in order to grow. This, too, is positively affecting bonds.
In Greece yesterday, German Chancellor Angela Merkel, visited the Greek capital in an effort to show solidarity and support. She was welcomed by a barrage of protestors articulating their discontentment who blame the German Chancellor for their suffering through mandated austerity measures. This was Merkel’s first visit since the debt crisis came to light in 2009.
Rates and prices to remain relatively stable with a light economic calendar ahead of us. Floating, with locking at the ready, is the recommendation today.