Market Update Report 10/29/2015

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
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