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Markets in a Minute – 12/5/2014

For the Week Ending December 5, 2014

Please enjoy this quick update on what’s happening this week in the housing and financial markets.

With falling energy prices, consumers are able to spend more on other things. The low energy prices could keep inflation down and delay Fed rate increases.
The Fed’s final economic report of 2014 shows optimism toward employment and spending. Good news could lead to policy and rate changes but is offset by continuing low inflation and mixed real estate reports.
Jobless claims are in line with recent trends after a spike in the prior week. This week’s numbers confirm employment strength and Fed optimism.

Private residential construction spending continues to rise. Both the amount and rate of increase show improvement over last month.
Slightly more new homes sold in October than in September and the same time last year. Prices are up, too. Supply remains steady.
Overall pending home sales continue on their mostly flat trajectory. October saw a small dip after September’s slight rise.

I’m not saying that the customer service in my bank is bad, but when I went in the other day and asked the clerk to check my balance, she leaned over and pushed me.

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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