Archive | Market Update

Jobless Claims Reach Highest Point Since Early October – Market Update

There was a 68,000 jump in initial jobless claims to 368,000, according to data for the December 7 week. Claims are back to their highest point since the government shutdown in early October.

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Consumer Sentiment Up in Midst of Holiday Season – Market Update

Consumer sentiment is building quickly this holiday season, at 82.5 for the early December reading compared to 75.1 for final November and 72.0 at mid-month November. The latest reading is the best since July.

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Black Friday Spending Down – Market Update

Black Friday 2013 marked the first Black Friday since 2009 that spending declined, increasing the chance that retailers will extend discounted items. Purchases at stores and websites fell 2.9%.

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Jobless Claims Fall to Lowest Level Since October – Market Update

Initial jobless claims fell a sharp 21,000 to 323,000 for the lowest level since the government shutdown lifted claims in the first half of October.

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Homeownership Rate Climbs from Lowest Level Since 1995 – Market Update

The U.S. homeownership rate rose from its lowest level in 18 years. The share of Americans who own their homes was 65.3% in the third quarter, up from 65% in the previous three months, the Census Bureau reported.

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Job Growth Unexpectedly Surged in October – Market Update

Despite the economic shutdown, job growth unexpectedly surged in October. The U.S. economy added 204,000 jobs, according to the Bureau of Labor Statistics.

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Stocks End Week Mostly Up – Market Update

Senate Democrats were three votes short of advancing the nomination of U.S. Congressman Mel Watt to head the agency that oversees the Fannie Mae and Freddie Mac mortgage groups. Read about this and more in this week’s Market Update.

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Mortgage Rates Drop, Stocks Gain – Market Update

After consecutive weeks of inching upward/remaining the same, mortgage rates dropped. Not just a little bit, either. In fact, rates dropped to their lowest point since June last week.

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How Did Government Shutdown Impact Rates? – Market Update

Congress passed a bill to raise the U.S. debt ceiling and end the partial government shutdown. While President Obama signed the short-term bill early Thursday morning, the deal will have to be revisited three months from now.

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Quicken Loans Market Update - Zing Blog

Stocks Waver After Record Run – Market Update

Friday was a quiet day for the Bond Market with no Fed speakers or economic news released. Overnight Treasuries snapped a three-day gain before the delayed Jobs Report is released tomorrow.

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