| The KUIK Morning Market Report for Wednesday, September 18: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (19) | points | 15,515 | 7:07 AM | ||
| S&P500 | Up | 0.07% | percent | 1,706 | 1.18 | ||
| Nasdaq Composite | Up | 0.12% | percent | 3,750 | 4.65 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.83 | Annual Yield | ||
| The number of mortgage applications filed in the U.S. last week jumped about 11% from the week before on a seasonally adjusted basis as interest rates declined, according to the Mortgage Bankers Association. On an unadjusted basis, MBA reported the market composite index increased 23%. The refinance index grew 18%, while the seasonally adjusted purchase index climbed 3%. The average rate on 30-year fixed-rate mortgages fell to 4.75% from 4.8% and 15-year dropped to 3.81% from 3.83%. | |||||||
| The Department of Commerce said that construction on new homes rose 0.9% in August to a seasonally adjusted annual rate of 891,000. Starts for single-family homes rose 7%, while starts for apartments fell 9.4%. | |||||||
| U.S. Treasurys are ina holding pattern as investors wait to see whether the Federal Reserve will start scaling back its monthly bond purchases. The yield on the 10-year Treasury note is up 1 basis point to 2.866%, while the five-year note yield is up nearly 2 basis points to 1.627%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-mortgage-applications-jumped-11-last-week-2013-09-18 | |||||||
| http://www.marketwatch.com/story/home-construction-nudges-up-in-august-2013-09-18?link=MW_home_latest_news | |||||||
| http://www.marketwatch.com/story/treasurys-steady-as-investors-await-fed-decision-2013-09-18 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||