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Markets in a Minute – 4/18/2014

For the Week Ending April 18, 2014

The Fed’s most recent economic report reveals no significant changes or adjustments. Status quo for the Fed favors stable rates.
Last week’s jobless claims were at a 7-year low. Good employment news usually leads to a jump in rates, but so far, not this time.
Winter’s thaw is ushering in some economic improvement. Consumer spending was up in March, and consumer sentiment is up in April.

Average asking prices for homes are at a 5-year high. Inventory is up, but not to normal levels. Greater inventory and competition could mitigate price increases.
Housing starts are down overall, but up for single-family homes. Experts had expected weakness in single-family starts, so the news is good for rates.
Mortgage applications rose this past week. This may help support the theory that a tough winter was dampening the spring market.

I met a guy who’s a walking economy.The front of his hair is in recession, his stomach is a terrible victim of inflation,and the combination is putting him into deep depression!

 

 

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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