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Markets in a Minute | May 22, 2015

For the Week Ending May 22, 2015

Fed minutes show that members believe it would be premature to raise policy rates until later in the year. Concerns about a weak economy in Q1 remain.
Bond markets across the globe are finally cooling off. Less selling in the mortgage bond markets is helping to stabilize rates.
The latest jobless claims numbers have the lowest four-week average since April 2000. A tight labor market can boost incomes and enhance affordability.

Housing starts in April jumped to their highest level in nearly 7-1/2 years. The strong housing starts fit in with views that an economic rebound is underway.
Building permits soared in April signaling more housing growth to come. The sudden increase likely reflects pent-up demand during a harsh winter.
Home building is being boosted by tight inventories in existing home sales. There is also more demand as young adults are finding jobs and looking to buy homes.

The math teacher saw that Daphne wasn’t paying attention in class. She called on her and said, “Daphne! What are 2 and 4 and 28 and 44?”

Daphne quickly replied, “ABC, CBS, HBO, and the Cartoon Network!”

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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