Housing and Labor Markets are Improving – Market Update

Quicken Loans Market Update - Quicken Loans Zing Blog The bond market opened down this morning and then dipped even further following better than anticipated economics releases, which indicated that both the housing and labor markets are improving. The housing starts report showed that builders broke ground on more houses than forecasted last month and we are now at a four-year high here. U.S. claims for unemployment also fell more than expected to 5-year lows.

What’s up on Wall Street?
The Dow Jones Industrial Average gained 54.76 points (+0.41%) while the Nasdaq also went up 14.30 points (+0.46%). Likewise, S&P 500 increased 5.40 points (+0.37%).

Current Mortgage Rates
Here are some of today’s mortgage rates:

Visit our mortgage rates page to find out how much you can save with today’s rates, or use our mortgage calculator to find more rates and loan options.

Financial Links
Here are a few links to some of today’s financial articles. Be sure to leave a comment below if you know of any additional financial articles that are trending today.

CNNMoney
Jobless claims drop to a 5-year low

Reuters
Wall Street hits five-year high at open on data, eBay

The New York Times
Economic data lifts stocks

 

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