Economic update for the week ending April 25, 2015

By
Real Estate Agent with Rodeo Realty BRE# 01220669

Economic update for the week ending April 25, 2015

 
Stock markets rise to record high levels -  More companies reporting first quarter profits above analysts' expectations, a rise in home sales, and rising oil prices lifted the markets this week.  The Dow Jones Industrial Average closed the week at 18,080.14 up from last week's close of 17,826.30.  The S&P 500 closed at 2,117.69 well above last week's 2,081.18. The NASDAQ closed at 5,092.09, a record high, up from last week's close of 4,931.82. 
s&p  Rodeo Realty realtor San fernando valley homes
 
Treasury Bond yields rise slightly The 10 year Treasury bond closed the week at 1.93%, up from 1.86% last week. The 30 year treasury yield ended the week at 2.62%, up from 2.51% last week.
 
probates for sale
 

Mortgage Rates remain stable –  The 30 year fixed rates are just above 3.75% for loans up to $417,000 and at or just above 4% for loans over $417,000.  15 year fixed loans are about 3% for loans up to $417,000 and about 3.25% for higher loan amounts. The Freddie Mac Primary Mortgage Survey which comes out early in the week reported that the 30 year fixed mortgage rate average for the week was 3.65%, they were about the same as last week's 3.67%. The 15 year fixed was 2.92% this week and 2.94% last weekThe 5 year ARM was 2.84% and the 1 year ARM was 2.44%. 

Agent in San Fernando Valley

U.S. Home Sales up 6.1% in March - The National Association of Realtors reported that the number of existing home sales increased 6.1% in March from February. The number of homes sold were also 10.4% higher than last March. The number of homes sold in March marked the highest level since September 2013 and the month over month increase was the largest increase since December 2010. 

Pending sales jump for third straight month in California - The California Association of Realtors reported that the number of pending home sales, homes under contract, increased 16.3% from February. Year over year home sales are up 13.8% from March 2014.

New home sales plunge in March - The number of new homes sold in the U.S. unexpectedly dropped in March. The number of new homes sold in March was 11.4% below February's home sales level. Most of the drop in new home sales occurred in the northeastern portion of the country where sales declined over 33%.

Have a great weekend!

Homes in San Fernando Valley for Sale

Free Home Evaluation

Blogs

Nobody knows the neighborhood like Joe Neuah  Request a professional market analysis and valuation

Provided courtesy of  www.sanfernandovalley.properties 

Rodeo Realty Inc. Sherman Oaks CA

Hire a positive and proactive Team of Realtors to help you find your next home!

Call or text  818-481-0751 for information on Buyer’s Representation Services

(NO COST TO HOME BUYERS)

Search entire Los Angeles County MLS for FREE at www.sanfernandovalley.properties/property-search/ 

Get a FREE report on YOUR HOME’s Value at

 www.sanfernandovalley.properties/free-home-evaluation/

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Mortgage / Finance
Location:
California Los Angeles County Sherman Oaks
Groups:
The Lounge at Active Rain
CALIFORNIA REAL ESTATE
southern california real estate agents
California and Hawaii Real Estate and Area Information Blog
CALIFORNIA DREAMING

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
2,806,466
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Joe - Thanks for the very valuable stats about economic update for week ending April 25, 2015.

Apr 26, 2015 01:57 AM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
59,025

Joe Neuah

Doing Real Estate with Passion!!
Call me to or text to start!!
*
*
*
*
Spam prevention

Additional Information