Closing Market Report 5/15/2014

The KUIK Closing Market Report for Thursday, May 15:
Markets finished down.
Direction Change Units  Last Time Change
Dow Down                   (167) points           16,447 2:36 PM
S&P500 Down -0.9% percent             1,871     (17.68)
Nasdaq Composite Down -0.8% percent             4,069     (31.33)
30 Year Treasury Down                      (4) Basis Points               3.34 Annual Yield
The average rate for a 30-year fixed-rate mortgage fell to 4.20% in the week  ended May 15 — the lowest rate since November — down from 4.21% last week , according Freddie Mac. A year ago, the 30-year rate was at 3.51%. The average rate for the 15-year fixed fell to 3.29% down from 3.32%.
Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/30-year-mortgage-rate-ticks-down-to-420-2014-05-15-109104
For today’s Closing Market Report click to listen->