Seattle Mortgage Rates Today 4/2/12
Seattle Mortgage Rates Today 4/2/12: Undeniably, the debt problems affecting Europe are far from over. Negative sentiment surrounding news that manufacturing has been in the decline for the past 7 months continues to weaken the equity markets while giving bonds a much needed boost.
With rumors of the Fed implementing another round of Quantitative Easing (QE3) markets are keeping a close watch to see if the economy can pull itself up by its bootstraps without the need of additional stimulus from the government. Smaller reports typically not looked at as those that may affect the market are now candidates to be market movers.
This week sees a slew of labor reports that will inevitably affect the market. Wednesday we will see the ADP Report followed by the Initial Jobless Claims on Thursday and the much anticipated Jobs Report on Friday. Given that the Jobs Report falls on Good Friday—stock market closed and bond market closing early—it will make for an interesting Friday. Let’s see how volatile the market is and its reaction on Thursday.
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