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Markets in a Minute | April 24, 2015

For the Week Ending April 24, 2015

Economic indicators continue to land below estimates, signaling slower growth. Slow economic growth is at least good for rates.
Next week’s Fed Open Market Committee meeting will have the markets’ full attention. Traders will look for clues on when the Fed plans to raise policy rates.
Overseas concerns dominate headlines, especially Greece’s potential default and split from the EU. Uncertainty abroad has helped keep interest rates low.

Existing home sales jumped 6.1% in March, the largest increase since December 2010. Unsold inventory is tight with only a 4.6 months’ supply.
New homes available on the market rose 1.9% last month to 213,000. Supply still remains less than half of what it was at the height of the housing boom.
For the second straight year more Americans chose real estate as the best long term investment. Real estate beat out stocks, bonds, gold, and savings/CDs.

The boss returned from lunch in a good mood and called the whole staff in to listen to a couple of jokes he had picked up. Everybody but one woman laughed uproariously.

“What’s the matter?” grumbled the boss. “Haven’t you got a sense of humor?”

“I don’t have to laugh,” the woman replied. “I’m leaving Friday.”

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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