| The KUIK Market Update for Thursday, March 26: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (45) | points | 17,674 | 7:49 AM | ||
| S&P500 | Down | -0.3% | percent | 2,055 | (6.35) | ||
| Nasdaq Composite | Down | -0.5% | percent | 4,853 | (23.06) | ||
| 30 Year Treasury | Up | 5 | Basis Points | 2.55 | Annual Yield | ||
| The Labor Department reports that new claims for unemployment benefits fell by 9,000 to 282,000 in the week ended March 21. That is a five week low. Economists expected a seasonally adjusted 290,000. | |||||||
| Freddie Mac reports the average rate on the 30 year fixed rate mortgage for the week ended March 26 fell to 3.69% down from 3.78% last week. A year a ago it was as 4.4%. The 15 year fixed is is at 2.97%, down from 3.06% last week. A year ago it was at 3.42%. | |||||||
| Use of mobile phones to access financial accounts continued to increase in 2014, according to an annual Federal Reserve survey released today. At the end of 2014, 39% of adults with mobile phones reported using mobile banking, an increase from 33% in 2013. 22% of all mobile phone owners reported having made a mobile payment in the year, up from 17% in 2013. The survey found that 33% of consumers had scanned a barcode to find the best price and 39% use their phones to track purchases and expenses. Security concerns was the common reason given for not using mobile banking or payments. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-drop-9000-to-five-week-low-of-282000-2015-03-26 | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/mortgage-rates-move-down-again-otcqb-fmcc-1184114 | |||||||
| http://www.marketwatch.com/story/39-of-adults-with-phones-use-them-for-mobile-banking-fed-survey-finds-2015-03-26 | |||||||
| For today’s Market Update Report click to listen-> | |||||||