| The KUIK Morning Market Report for Tuesday, August 4: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | S | Time | Change | ||
| Dow | Up | 1 | points | 17,599 | 7:03 AM | ||
| S&P500 | Down | 0.0% | percent | 2,098 | (0.43) | ||
| Nasdaq Composite | Down | 0.0% | percent | 5,114 | (1.76) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.88 | Annual Yield | ||
| CoreLogic released its June 2015 CoreLogic Home Price Index which shows that home prices nationwide, including distressed sales, increased by 1.7% in June, and is up 6.5% from June 2014. By state Colorado was #1 at 9.8%, and Washington was #2 at 8.9%. Louisiana was the worst at -0.4%. Oregon was #6 at 7.9%. Without distressed sales it was up 8.2%% | |||||||
| A new mortgage that allows borrowers to put just 3% down is seeing a good start, according to Donald Layton, chief executive of Freddie Mac. Speaking to the media after the government-controlled mortgage finance company reported a $4.2 billion second-quarter profit. He wouldn’t provide numbers. The 3%-down product has been criticized in Congress over concerns it could lead to losses at the company. The Federal Housing Administration also backs low-down-payment loans, but requires more mortgage insurance from homebuyers. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.multivu.com/players/English/71280542-corelogic-june-2015-hpi/ | |||||||
| http://www.marketwatch.com/story/new-3-down-mortgage-off-to-good-start-freddie-mac-chief-says-2015-08-04 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||