| The KUIK Market Update for Tuesday, September 10: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 117 | points | 15,180 | 7:54 AM | ||
| S&P500 | Up | 0.71% | percent | 1,684 | 11.79 | ||
| Nasdaq Composite | Up | 0.60% | percent | 3,728 | 22.30 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.87 | Annual Yield | ||
| The Federal Housing Finance Agency, which regulates Fannie Mae and Freddie Mac, is working to reduce the size of loans backed by the government. Currently, Fannie and Freddie will back loans on single-family homes for up to $417,000 in most of the country including Oregon. Lower loan limits would make it tougher for some borrowers to buy homes. There’s already concern that rising mortgage rates are hurting the housing market’s recovery. Meanwhile, U.S. lawmakers are considering proposals to wind down Fannie and Freddie. | |||||||
| December gold is off 0.6%, to $1,378.70 an ounce. Gold prices are keying off a potential solution to the Syria impasse, after Foreign Minister Walid al-Moualem told reporters in Moscow that Syria welcomes Russia’s proposal to have its stockpiles of chemical weapons placed under international control. | |||||||
| Small-business sentiment ticked down in August, according to a survey by the National Federation of Independent Business. The index declined 0.1 to 94, as gains in plans to increase employment and expecting real sales higher were offset by a big drop in earnings trends. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://blogs.marketwatch.com/capitolreport/2013/09/09/regulator-may-soon-cut-loan-limit-for-fannie-freddie-backed-mortgages/ | |||||||
| http://www.marketwatch.com/story/gold-futures-dip-as-syria-fears-ease-2013-09-10?dist=markets | |||||||
| http://www.marketwatch.com/story/nfib-small-business-sentiment-ticks-down-2013-09-10?dist=lcountdown | |||||||
| For today’s Morning Market Report click to listen-> | |||||||