| The KUIK Morning Market Report for Tuesday, February 3: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 188 | points | 17,549 | 6:58 AM | ||
| S&P500 | Up | 0.9% | percent | 2,039 | 18.35 | ||
| Nasdaq Composite | Up | 0.7% | percent | 4,707 | 30.38 | ||
| 30 Year Treasury | Up | 7 | Basis Points | 2.32 | Annual Yield | ||
| Home prices slipped 0.1% in December, to take the year-on-year rate to 5%, according to CoreLogic. Twenty-seven states and the District of Columbia are at or within 10% of their peak. Colorado (8.4%), Texas (7.8%) and New York (7.6%) saw the fastest growth, while Maryland (-0.7%), Vermont (-0.9%) and Connecticut (-2.2%) — saw a declines. | |||||||
| Banks are making it easier to get a mortgage, according to the latest quarterly survey of senior bank officials released by the Federal Reserve. The biggest number of banks eased standards on loans that were eligible for purchase by Fannie Mae and Freddie Mac. At the same time, banks reported weakening demand for mortgages across most categories of home-purchase loans over the last three months. Demand was stronger for auto and credit card loans. In a special question, banks said they expected the credit performance of syndicated leveraged loans and subprime auto loans to deteriorate this year. The Fed surveyed officials at 73 domestic banks and 23 U.S. branches of foreign banks between December 30 and January 13. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/home-prices-slipped-in-december-corelogic-says-2015-02-03 | |||||||
| http://www.marketwatch.com/story/banks-are-making-getting-a-mortgage-easier-fed-survey-2015-02-02-1491022 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||