| The KUIK Market Update for Thursday, October 29: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (80) | points | 17,697 | 8:03 AM | ||
| S&P500 | Down | -0.3% | percent | 2,084 | (6.45) | ||
| Nasdaq Composite | Down | -0.5% | percent | 5,073 | (22.73) | ||
| 30 Year Treasury | Up | 9 | Basis Points | 2.95 | Annual Yield | ||
| The Commerce Department reports new applications for unemployment benefits for the week ended October 24 edged up by 1,000 to a seasonally adjusted 260,000. Continuing claims fell by 37,000 to 2.14 million in the week ended October 17. | |||||||
| Freddie Mac reports the 30-year fixed-rate mortgage averaged 3.76% week ending October 29 down from last week’s 3.79%. A year ago it averaged 3.98%. The 15-year fixed averaged 2.98% and is unchanged. A year ago it was 3.13%. | |||||||
| Pending home sales fell 2.3% in September, the second drop in a row, according to the National Association of Realtors. The index is at its second lowest level for 2015, though it’s up 3% from a year ago. The NAR said there’s not enough available listings in the lower end of the market for first-time buyers. A sale is listed as pending when the contract has been signed but the transaction has not closed. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-stick-near-1970s-era-lows-2015-10-29 | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/fixed-mortgage-rates-little-changed-nudge-lower-otcqb-fmcc-1225572 | |||||||
| http://www.marketwatch.com/story/pending-home-sales-fall-in-september-for-second-month-2015-10-29 | |||||||
| For today’s Market Update Report click to listen-> | |||||||