Seattle Mortgage Rates Today 7/30/12
Seattle Mortgage Rates Today: This Wednesday, the Fed will release the Monetary Policy Statement and Interest Rate decision. Bonds have been compromised the past few days as investors sought stocks anticipating the implementation of QE3 or some other type of stimulus. Will the Fed even mention QE3? Most likely not and we may find bonds regaining the losses from last week. There is conjecture that the Fed will continue with the low rates through 2015. Let’s wait and see.
“Euro Presses—START YOUR ENGINES!” US Treasury Secretary, Timothy Geithner, is meeting with European Central Bank (ECB) President, Mario Draghi, to discuss ECB bond purchases. Germany is not having any of it. With the current crisis continuing to unfold, markets are waiting for the ECB to take action to stabilize the crisis. It is uncertain how the markets will react…
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