Stronger Employment and Housing Optimism in this week’s Market’s in a Minute

January’s strong employment report also shows upward corrections for the end of 2014. Continued improvement could speed up Fed increases to policy rates.

January’s report showed a greater increase in wages, though still below target levels. Slow growth could offset positive factors to delay Fed increases instead.

Retail sales fell for the 2nd straight month. Gas prices are making consumers

A Fannie Mae survey shows that more consumers are now positive about personal finances, say they’d rather buy than rent, and hope to buy soon.

According to a Huff Post Home article, homes located near a Starbucks appreciate at a faster rate than other homes: 96% vs 65% since 1997.

January’s home asking prices climbed just a half percent over December’s number. It is the smallest increase since August 2014.

 

Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.

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