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

5/11/2019 0 Comments

Economic update for the week ending May 11, 2019

Picture
Economic update for the week ending May 11, 2019


Stocks retreated this week among trade tensions - After several months of optimism that a trade deal with China was imminent, talks broke down this week causing stocks to lose ground and mortgage rates to fall. The Dow Jones Industrial Average closed the week at 25,942.37, down 2.1% from 26,504.95 last week.   It’s up 11.2% year to date. The S&P 500 closed the week at 2,881.40, down 2.2% from 2,945.64 last week. It is up 14.9% year to date. The NASDAQ closed the week at 7,916.94, down 3%, from 8,164.00 last week.  The NASDAQ is up 19.3% year to date. 
 
Treasury Bond Yields lower this week - The 10-year treasury bond closed the week yielding 2.47%, down from 2.54% last week. The 30-year treasury bond yield ended the week at 2.89% down from 2.93% last week. We watch treasury bond yields because mortgage rates follow bond yield yields. 
 
Mortgage rates dropped this week - The  May 9, 2019 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 4.10%, down from 4.14% last week. The 15-year fixed was 3.57%, down slightly from 3.60% last week. The 5-year ARM was 3.63%, down  from 3.68%  last week.


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