Seattle Mortgage Rates Today 8/21/12
Seattle Mortgage Rates Today 8/21/12: “Does the ECB have a plan?” As was mentioned yesterday, speculation that the European Central Bank will intervene in debt markets in an effort to lower bond yields through Spanish and Italian bond buying came to light again. Still, any plan must be approved by political leaders in Germany; however, this rhetoric is giving investors some confidence that the ECB is being pressured to take action soon. Fundamentally, this should be giving bonds a much needed boost but that is not the case.
“Quantitative Easing 3 (QE3), can you hear me now?” Dennis Lockhart, Atlanta Fed Reserve Bank President, stated that the US economic recovery is disappointing. He went on to add that the Fed’s monetary policy may not be able to handle the current state of the economy. At this time, Lockhart is on the fence regarding QE3; he claims he needs to weigh the options.
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