Markets in a Minute | November 7th
New international trade numbers show the negative impact of struggling world economies on U.S. growth. A slower recovery could keep rates low.
The European Central Bank announces stimulus measures and maintains low policy rates. U.S. interest rates are likely to respond positively.
Jobless and continuing claims are down again. If the monthly employment report confirms improvement, the news could be bad for rates and offset other gains.
Private residential construction spending improved in September after an August drop. Single-family construction led the charge.
October’s rate drop led to an increase in mortgage purchase applications during the last week.
2015 predictions are coming in. NAHB expects near-normal new home sales by 4th quarter 2015. Fannie Mae expects slow but steady growth in overall sales.