Weekly State of the Markets: 5/23/2019 – Finom Group

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US long-term mortgage rates fall; 30-year average at 3.82% Mortgage applications soar as refinances surge on a big rate drop – Fasti News June 12, 2019 admin Real Estate Comments Off on Mortgage applications soar as refinances surge on a big rate drop Consumers saw an opportunity last week and took it – in a big way. Mortgage rates dropped to their lowest level in nearly two years, so total mortgage applications surged 26.8% in just one week, according to the Mortgage Bankers Association’s seasonally adjusted index.The declining rates have been a boon to potential purchasers in the spring home buying season, and the number of homeowners seizing the opportunity to refinance mortgages jumped this week. mortgage buyer freddie mac said Thursday the average rate on the 30-year, fixed-rate mortgage dipped to 3.82% from 3.99% last week.

Welcome to our weekly State of the Markets video where Seth Golden and wayne nelson discuss all aspects of the market, from the macro to the micro. Please click the link to review the video. (1hr duration). For expedient reviews, feel free to skip segments of the SOTM by following the Outline below: Introduction of this week’s focus points for market headwinds [.]

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which drew thousands from the area and from out of state. Edmunds and other area veterans gathered Saturday for a public ceremony at Miller Park to celebrate the 25th anniversary of the parade. A.

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Three primary catalysts drove the markets during the past week. Following the Federal Reserve’s decision to leave rates unchanged, Chairman Powell effectively indicated the rate hiking cycle is over and the process of quantitative tightening is in its late stages, absent unexpected strengthening in economic activity.

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These markets can be subdivided into money’ market dealing in lending, and borrowing of money; Securities’ market or stock’ market dealing in buying and selling of shares and debentures and foreign exchange’ market where it is a forex market dealing buying and.