Seattle Mortgage Rates Today 12/11/12: The clock continues to tick as the White house and Congressional Republicans have yet to reach a fiscal cliff agreement.  House of Representatives Speaker John Boehner remains steadfast in his position with the last proposal set before President Obama.  Boehner unrelentingly calls for the President to offer a counter proposal in order to mitigate the spending cuts and tax hikes set to begin next year.  One major conflict between the 2 sides pertains to the way in which deficits are approached.  The White House presses for revenue from the top 2% of the income bracket as opposed to the Republicans pressing for cuts to government-funded programs such as Medicare and Medicaid.  Should the parties not come to a resolution, many believe this may push the U.S. back into a recession. Tomorrow will bring us the Federal Market Open Committee’s (FOMC) statement regarding monetary policy.  An increase in the Federal Funds Rate is not expected; however, there may be an opportunity for additional stimulus to purchase treasury securities.  Let’s see where the market will take us after their statement tomorrow morning.