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Markets in a Minute | April 13, 2018

 

 

 

 

Minutes released from last month’s FOMC meeting show the Fed still plans on 2 more rate hikes this year. Inflation is a concern, as is a trade war with China.
Consumer prices fell for the first time in 10 months in March, mainly due to cheaper gas prices. However, underlying inflation continued to increase.
A tightening labor market is also expected to contribute to higher inflation this year. Jobless claims fell once again last week, despite a slowdown in job growth.

 

Over 32% of consumers surveyed by Fannie Mae say it’s still a good time to buy a home. Almost 39% say it is a good time to sell a home.
CoreLogic recently found rising debt-to-income ratios among buyers. This could reflect confidence in the economy and comfort with higher monthly debt obligations.
Single-family homes were the fastest growing type of rental between 2007 and 2016. Their share of the rental market increased by 31% in the last decade.

 

Friggatriskaidekaphobia is the fear of Friday the 13th (named after Frigg, the Norse goddess after whom Friday is named in English).
What would make Friday the 13th even scarier? If it were on a Monday.

 

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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