| The KUIK Morning Market Report for Monday, May 18: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 6 | points | 18,279 | 7:03 AM | ||
| S&P500 | Up | 0.1% | percent | 2,124 | 1.11 | ||
| Nasdaq Composite | Up | 0.1% | percent | 5,055 | 6.26 | ||
| 30 Year Treasury | Up | 8 | Basis Points | 3.00 | Annual Yield | ||
| The Stoxx Europe 600 rose 0.2% to 397.37, cutting into Friday’s 0.4% loss, which came after weak data raised concerns about U.S. economic growth and pushed the euro higher against the dollar. Germany’s DAX 30 was up 0.8% to 11,526 as the euro fell. And France’s CAC 40 edged up 0.2% at 5,001.47, and the U.K.’s FTSE 100 gained 0.4% to 6,990.99. | |||||||
| Borrowers may pay less for mortgages. the Federal Housing Finance Agency, which oversees mortgage-finance companies Fannie Mae and Freddie Mac has been working on a plan to create a single mortgage-backed security that would revamp the current market that features separate products from Fannie and Freddie. A single offering is expected to “enhance liquidity,” which would help keep down mortgage rates and transaction costs, and make lending more efficient. U.S. taxpayers could also benefit by no longer effectively losing some funds that Freddie spends on new business, according to regulators. The market for Fannie’s securities is bigger, so, to stay competitive, Freddie subsidizes fees it charges sellers. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-stocks-gain-ground-as-euro-softens-2015-05-18 | |||||||
| http://www.marketwatch.com/story/federal-plan-to-revamp-mortgage-market-inches-forward-2015-05-15 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||