GENNA WALSH
  • Home
  • About
  • SOLD
  • Reviews
  • Property Search
  • Resources
    • Buyer
    • Seller
    • Escrow
    • Consultant Services
  • Blog
  • Careers
  • Contact
  • Home
  • About
  • SOLD
  • Reviews
  • Property Search
  • Resources
    • Buyer
    • Seller
    • Escrow
    • Consultant Services
  • Blog
  • Careers
  • Contact
Search by typing & pressing enter

YOUR CART

3/17/2018 0 Comments

Economic update for the week ending March 17, 2018

Picture
​Stocks down in another volatile week – Uncertainty led to another volatile week in U.S. stock markets. Volatility has caused the S&P 500 to lose or gain 1% or more in 9 out of the first 11 weeks of 2018. In comparison, the S&P 500 lost or gained 1% or more in just 13 weeks in all of 2017. Along with political uncertainty, fears of consequences from tariffs, and possible retaliation from other countries against our exports, led to the drops this week. For example, Boeing’s stock dropped nearly 10% this week based on increased steel and aluminum costs, and a possiblity of tariffs being place on Boeing jets by other governments. 

The Dow Jones Industrial Average closed the week at 24,946.51, down from last week’s close of 25,335.74.  It is up 0.9% year-to-date. The S&P 500 closed the week at 2,752.01, down from 2,786.57 last week.  It’s up 2.9% year-to-date. The NASDAQ closed at 7,484.99, down from 7,596.81 last week. It is up 8.4% year-to-date.

Treasury Bond Yields –  Bond yields lower this week – The 10-year treasury bond closed the week yielding 2.85%, down from 2.90% last week. The 30-year treasury bond yield ended the week at 3.08%, down from 3.16% last week. We watch bond rates because mortgage rates follow bond rates.

Mortgage Rates slightly lower this week – The March 15, 2018 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 4.44%, down slightly from last week’s 4.46%. The 15-year fixed was 3.90%, down  from 3.94% last week. The 5-year ARM was 3.67%, up from 3.63% last week.
Next week’s report will include both housing sales data for February and the results of the Federal Reserve Open Market Committee meeting, where it is expecting that The Fed will increase short term interest rates.

Author,
Syd Leibovitch
0 Comments



Leave a Reply.

    Author

    Genna Walsh
    Los Angeles, CA

    Archives

    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    July 2014
    June 2014
    May 2014
    April 2014

    Categories

    All Community Economics Education Entertainment Environmental Food Real Estate Recreation Science Sports

    RSS Feed

Genna Walsh | DRE #01949299
Picture