Market Update December 5th

Dated: 12/05/2015

Views: 342

Market Matters


Mortgage Rate Movement


November 29, 1929 – U.S. Admiral Richard E. Byrd leads the first expedition to fly over the South Pole.
November 30, 1982 – Michael Jackson's second solo album, Thrilleris released worldwide. It will become the best-selling record album in history.
December 1, 1959 – Twelve nations, including the United States and the Soviet Union, sign the Antarctica Treaty, which bans military activity and weapons testing on that continent.
December 2, 1993 – NASA launches the Space Shuttle Endeavour on a mission to repair the Hubble Space Telescope.
December 3, 1947 – Marlon Brando's famous cry of “STELLA!” first booms across a Broadway stage, electrifying the audience at the Ethel Barrymore Theatre during the first-ever performance of Tennessee Williams' play A Streetcar Named Desire.
December 4, 1954 – The first Burger King is opened in Miami, FL.
December 5, 1933 – The 21st Amendment to the U.S. Constitution is ratified, repealing the 18th Amendment and bringing an end to the era of national prohibition of alcohol in America.

Source:,,,, &



The two largest threats to an ‘expected’ FOMC rate hike in December are now behind us. First, the ECB was less-aggressive than expected and today’s November jobs report came in better than market expectations. 

At this point, it would take some very weak data next week to really change the expectations that the Fed will hike rates by 25bps come December 16th. Looking at the jobs numbers from Friday, non-farm payrolls for November increased by 211k. Adding to the stronger number, both October and September data was revised higher by 35k cumulatively. The unemployment rate ticked up from 5.036% to 5.046%, with the headline number still rounded to an unchanged 5%. Finally, average hourly earnings rose by .2%, coming in as expected. The markets reacted well to the report as we saw 10yr yields trade back below 2.30%. 
This points to a possible relief rally into next week with some slightly lower rates once again.


December 8 – JOLTS
December 9 – MBA Mortgage Applications
December 9 – Wholesale Trade
December 10 – Jobless Claims
December 10 – Import and Export Prices
December 10 – Bloomberg Consumer Comfort Index
December 11 – PPI-FD
December 11 – Retail Sales
December 11 – Business Inventories
December 11 – Consumer Sentiment


Jason Kaiman
Production Manager
Direct: 515.418.9608     Mobile: 515.205.5244
NMLS: 406027


Opt Out   |   Legal

Not intended for consumer distribution. Not subject to Reg Z 1026.24.
© 2015 PrimeLending, a PlainsCapital Company (NMLS ID: 13649). All loans subject to credit approval. Rates and fees subject to change. Mortgage financing provided by PrimeLending, a PlainsCapital Company. Equal Housing Lender.

Want to Advertise on this Site?

Latest Blog Posts

My New Journey In The World Of Real Estate

I have recently made the decision to start a career in Real Estate. Growing up in Ames I know a lot about central Iowa, from all the cool new spots to eat to the secret gems within the area. This

Read More

TVs Most And Least Desirable Neighbors For 2018

You told us which TV characters you'd like to live next to and which to avoid.We wanted to know which fictional TV characters Americans would most like to have as a neighbor and which ones they’d

Read More

Summer Home Maintenance To Do List

Re-posted from The Budget DumpsterThere’s no time like the summertime to start tackling some items on that home maintenance checklist. There are all sorts of little things you can do to

Read More

Open Houses For This Sunday July 15th

Stop in between 1:00-3:00pm on Sunday for a tour! Be sure to ask the agent on duty how to register for a $20 VISA gift!

Read More