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Markets in a Minute – 3/28/2014

 
Please enjoy this quick update on what’s happened this week in the housing and financial markets for the week ending 3/28/2014.


The Fed sparked rate fear when it hinted at shortening the timeline for raising interest rates. Markets are calmer this week.
Reports show an increase in orders of durable goods and decrease in capital expenditures. The mixed indicators are creating a push-pull for the markets.
Geo-politics are still at play. Uncertainty is good for rates.

Consumer confidence is at its highest since just before the recession. This usually bodes well for housing.
Sales of new and existing homes have slowed. These newly released numbers could still show the impact of bad weather.
Rates of appreciation are below 2013’s high levels. Even so, home prices are continuing to rise so far this year.

A small real estate broker was dismayed when a brand new corporate chain much like his own opened next door and erected a huge sign that read BEST AGENTS.

He was horrified when another competitor opened on his right and announced its arrival with an even larger sign, reading LOWEST COMMISSIONS. The small real estate broker panicked until he got an idea. He put out the biggest sign of all over his own brokerage.

It read…MAIN ENTRANCE.

 

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.

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