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

9/29/2018 0 Comments

Economic update for the week ending September 29, 2018

Picture
Stocks drop slightly in the final week of September – Stock markets fell slightly this week after hitting record highs last week. Escalating trade tensions with China and another interest rate hikes by the Federal Reserve left investors a little more cautious this week. The Dow Jones Industrial Average closed the week at 26,458.31, down from 26,743.50 last week. It is up 7% year-to-date.  The S&P 500 closed the week at 2,913.98, down from 2,929.67 last week. It’s up 9% year-to-date. The NASDAQ closed the week at 8,046.35, up from 7,986.96 last week. It’s up 16% year-to-date.
Treasury Bond Yields slightly lower –  The 10-year Treasury bond closed the week yielding 3.05%, down slightly from 3.07% last week. The 30-year Treasury bond yield ended the week at 3.19%, almost unchanged from 3.20% last week. We watch Treasury bond yields because mortgage rates follow bond yields.
Mortgage rates higher this week – The September 27, 2018 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 4.72%, up from 4.65%  last week. The 15-year fixed was 4.16%, up from 4.11% last week. The 5-year ARM was 3.97%, up from 3.93% last week.
Consumer Confidence at highest level hits 18-year high in September – The U.S. Consumer Confidence Index hit its highest level since 2000 this week, according to data from the Conference Board’s September survey.
New home sales rebound in August – The Commerce Department reported that sales of new homes increased 3.6% in August from July on a seasonally adjusted annualized rate. Year-over-year the number of new homes sold in August increased 12.7% from August 2017. The median price paid for a new home increased 1.9% from one year ago.
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