Market Update Report 1/22/2015

The KUIK Market Update for Thursday, January 22:
Markets are up.
Index Direction Change Units Time Change
Dow Up                     57 points           17,611 7:35 AM
S&P500 Up 0.5% percent             2,042       9.84
Nasdaq Composite Up 0.5% percent             4,689      21.32
30 Year Treasury Up                       4 Basis Points               2.48 Annual Yield
U.S. home prices rose a seasonally adjusted 0.8% in November, according to the Federal Housing Finance Agency house price index  based on mortgages sold to or guaranteed by Fannie Mae and Freddie Mac. October’s gain was revised to 0.4% down from 0.6%. Compared to November 2013, prices are up 5.3%, and  4.5% below their peak hit in April 2007.
The Labor Department reports initial claims for unemployment benefits fell to 307,000 in the week ended January 10 down from a revised 317,000 the week before. Two weeks ago, claims hit their highest level since June. Continuing claims increased by 15,000 to a seasonally adjusted 2.44 million.
Freddie Mac reports The average rate for a 30-year fixed-rate mortgage fell to 3.63% in the week ended January 22, hitting the lowest level May 2013, down from 3.66% last week.  A year ago, the 30-year rate was at 4.39%. The average rate for the 15-year fixed-rate mortgage dropped to 2.93% down from 2.98% last week. A year ago it was 3.44%
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/us-home-prices-grew-08-in-november-fhfa-says-2015-01-22
http://www.marketwatch.com/story/jobless-claims-above-300000-for-third-straight-week-for-first-time-since-july-2015-01-22
http://freddiemac.mwnewsroom.com/press-releases/mortgage-rates-at-new-lows-in-early-2015-otcqb-fmcc-1170819
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