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The KUIK Closing Market Report for Friday, March 16: |
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Markets were up. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow |
Up |
73 |
points |
24,947 |
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S&P500 |
Up |
0.2% |
percent |
2,752 |
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Nasdaq Composite |
Unchanged |
0.0% |
percent |
7,482 |
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30 Year Treasury |
Up |
2 |
Basis Points |
3.08 |
Annual Yield |
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Last week, applications for refinances made up 40.1% of all mortgage applications, according to the Mortgage Bankers Association, that’s the lowest share since September 2008. That was the month when the financial crisis boiled over and Lehman Brothers failed. The 30 year fixed fell below 4% for the first time in October 2011. 2016 was the lowest full-year average for rates ever. On Thursday, Freddie Mac reported the 30 year averaged 4.44% down from 4.46 the week before, ending nine consecutive weeks of increases. |
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Serving the West Side first, I am Bill Roller of brcapitalinc.com for 1360 KUIK. |
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For today’s Closing Market Report click to listen-> |
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