|For the Week Ending December 26, 2019|
Please enjoy this quick update on what happened this week in the housing and financial markets.
|Orders for durable goods (products designed to last at least 3 years) fell 2% in November from October. This is the biggest month-over-month decline since May.|
|Stock indexes ticked higher in holiday-thinned trading as investors looked ahead to a promised trade breakthrough between the world’s biggest economies in January.|
|Jobless claims fell last week in a sign of ongoing labor market strength. Claims have been volatile in recent weeks around the holiday season and end of the year.|
|New home sales rebounded in November, suggesting low mortgage rates continued to support the housing market. Sales activity in the prior month was weaker than reported.|
|According to the credit reporting agency Experian, the average American credit score surged to an 8-year high of 682 in 2019, hitting its highest level since 2011.|
|Housing affordability fell slightly in October compared to September, but affordability conditions improved year-over-year. The overall median sales price was $273,600.|
"Change is not a four letter word... but often your reaction to it is!"
Here is the Video version of this week's Markets in a Minute:
If you have any questions on the market, loan qualification, or just want to get started on your loan, click the button below to get started online, or give me a call at 866-900-2342 toll free direct.