| The KUIK Morning Market Report for Tuesday, September 10: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 90 | points | 15,154 | 7:08 AM | ||
| S&P500 | Up | 0.60% | percent | 1,682 | 9.98 | ||
| Nasdaq Composite | Up | 0.48% | percent | 3,724 | 17.73 | ||
| 30 Year Treasury | Up | 4 | Basis Points | 3.88 | Annual Yield | ||
| The Federal Housing Finance Agency, which regulates Fannie and Freddie, is working to reduce the size of loans backed by the government and cutting the risk to taxpayers. Currently, Fannie and Freddie will back loans on single-family homes for up to $417,000 in most of the country including Oregon. The limit is higher in pricier markets, rising to as much as $721,050 in Honolulu. Lower loan limits would make it tougher for some borrowers to buy a home. There’s already concern about the bite that rising mortgage rates are taking out of the housing market’s rebound. Meanwhile, U.S. lawmakers are considering proposals to wind down Fannie and Freddie. | |||||||
| December gold fell 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. | |||||||
| 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 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||