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Markets in a Minute – 5/16/2014

For the Week Ending May 16, 2014
Please enjoy this quick update on what’s happening this week in the housing and financial markets.

April’s retail sales were weaker than expected. The irony of the bond market is bad is good. Year to date, there’s not been enough good news to push rates up.
The European Central Bank indicated it would begin another round of rate cuts in June. In a domino effect, the news supported the bond market here too.
New jobless claims are down for the second week in a row, and consumer prices are up slightly. Further improvement in jobs bodes well for housing.

Thanks to stable rates and slower price growth, home buyers experienced improving affordability in this year’s first quarter.
Consumers borrowed more in the first quarter, showing more confidence in their ability to repay. Larger home loans were part of the increase.
For the first time, Fed Chair Yellen said housing industry health will influence continued tapering. Housing joins unemployment and inflation as key indicators.

Noah was the world’s first contrarian investor.

He floated his stock while the world was in liquidation.

 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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