The KUIK Closing Market Report for Tuesday, November 28:
Markets were up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
256
points
23,837
5:56 PM
S&P500
Up
1.0%
percent
2,627
(1.00)
Nasdaq Composite
Up
0.5%
percent
6,912
(10.64)
30 Year Treasury
Up
1
basis points
2.77
Annual Yield
The Federal Housing Finance Agency announced today that starting in 2018, the maximum conforming loan limit for loans guaranteed by Fannie Mae and Freddie Mac will be $453,100. That’s 6.8% higher than the 2017 cap of $424,100, which was the first increase in nearly a decade. They agency wouldn’t increase the limit until home prices regained their pre-housing crash levels. Late in 2016, the FHFA said its home price index had regained 2007 levels.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
