| The KUIK Market Update for Thursday, November 6: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 18 | points | 17,503 | 7:53 AM | ||
| S&P500 | Down | -0.1% | percent | 2,022 | (1.32) | ||
| Nasdaq Composite | Down | -0.2% | percent | 4,614 | (7.08) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.08 | Annual Yield | ||
| The Labor Department reports initial claims for unemployment benefits fell by 10,000 to a seasonally adjusted 278,000 in the week ended November 1. That’s the second smallest number since the Great Recession and one of the lowest in 35 years. Economists expected 285,000. This week a year ago, initial claims were 23% higher at 341,000. Continuing claims fell by 39,000 to a seasonally adjusted 2.35 million in the week ended October 25. | |||||||
| The average rate for a 30-year fixed-rate mortgage rose to 4.02% in the week ended November 6, hitting above 4% for the first time since early October, up from last week’s 3.98%, according Freddie MacA year ago, the 30-year rate was at 4.16%. The average rate for the 15-year fixed-rate mortgage rose to 3.21% up from3.13% last week. | |||||||
| Freddie Mac also said its single-family serious delinquency rate fell to 1.96%, its lowest in five years. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-drop-10000-to-278000-2014-11-06 | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-rises-to-402-2014-11-06-109105 | |||||||
| http://www.marketwatch.com/story/freddie-macs-delinquency-rates-hits-5-year-low-2014-11-06 | |||||||
| For today’s Market Update Report click to listen-> | |||||||