Get Adobe Flash player

Archives

Markets in a Minute | February 24, 2017

For the Week Ending February 24, 2017
 

Please enjoy this quick update on what happened this week in the housing and financial markets.

 

Although markets were closed on Monday for Presidents’ Day, stocks once again hit new highs this week as traders expect the economy to continue improving.
Unemployment filings continue to reflect labor market strength. Although up slightly this week, jobless claims have the lowest 4-week average since 1973.
The minutes from last month’s FOMC meeting show the Fed could be looking to raise policy rates soon. The decision will depend on data for jobs and inflation.
Existing home sales surged to a 10-year high in January. Demand remains strong as buyers shrug off increasing prices and higher mortgage rates.
A survey of 30 analysts by Reuters predicts home prices will rise at almost double the current rate of underlying inflation and wages over the next few years.
Small investors buying homes to flip or rent remain a strong part of the market. Last year, 37% of homes sold were acquired by buyers who didn’t live in them.

 

My grandpa started walking five miles a day when he was 60.

Now he’s 97, and we have no idea where he is.

Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.

Markets in a Minute | February 17, 2017

For the Week Ending February 17, 2017
 

Please enjoy this quick update on what happened this week in the housing and financial markets.

 

Consumer prices increased in January by the highest level since February 2013, signaling rising inflation. Inflation could pressure mortgage rates higher.
Jobless claims this week came in even lower than expected, signaling strength in the labor market. A strong labor market could encourage the Fed to raise rates.
In testimony to Congress, Fed Chair Janet Yellen commented that the Fed would be “unwise” to let the economy heat up too quickly and may raise rates soon.
January housing starts were down slightly. However, overall construction of single-family homes increased for the first time in 3 months.
Housing permits also increased in January, up 4.6%. The rise in permits means housing start numbers should improve, too.
Home builders remain confident about the 2017 housing market. A national survey shows confidence among builders at its highest since 2005.

 

A bear walks into a restaurant and says, “I want a grilled………………………..cheese.”

The waiter says, “What’s with the pause?”

The bear replies, “Whaddya mean? I’M A BEAR!”

Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.