Closing Market Report 10/30/2014

The KUIK Closing Market Report for Thursday, October 30:
Markets had a big up day.
Direction Change Units  Last Time Change
Dow Up                    221 points           17,195 1:38 PM
S&P500 Up 0.6% percent             1,995      12.35
Nasdaq Composite Up 0.4% percent             4,566      16.91
30 Year Treasury Down                      (1) Basis Points               3.04 Annual Yield
The average rate for a 30-year fixed-rate mortgage rebounded in the week ended October 30, rising to 3.98% up from last week’s 3.92%, lowest reading since June 2013, according to Freddie Mac. A year ago, the 30-year 4.10%. The average rate for the 15-year fixed-rate 3.13% up from 3.08%last week.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/30-year-mortgage-rate-rises-to-398-2014-10-30-109106
For today’s Closing Market Report click to listen->