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Markets in a Minute – 4/4/2014

For the Week Ending April 4, 2014

Interest rates have remained mostly flat in 2014. The last time they remained relatively flat for such a long stretch was 2009.
The Fed’s Chairman Yellen backed off recent comments that caused a stir. Her retreat from a timeframe for raising interest rates is good for the markets.
To help understand the impact of Friday’s monthly jobs report – Employment gains usually imply rising rates, and weak numbers typically provide rate relief.

Applications for mortgage loans were only slightly higher in February than January, and lower than a year ago.
Total first mortgage balances are increasing at a faster rate. The spring buying season and increased home values will likely add to the growth.
Construction spending is significantly up over last year and slightly higher than last month. New home construction could ease the shortage of homes on the market.

A couple decided to try to sell their home themselves.

The wife spray painted a “For Sale” message on a sign board and posted it outside.

When the husband came home that evening, he told her, laughing, that her sign was the most truthful one he had ever seen. Confused, she rushed outside to take a look.

In her haste, she had printed, “For Sale by Ower.”

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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