Market Watch June

Dated: 06/04/2016

Views: 328


 
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This Weekin Review

 

Consumer spending rose at the fastest pace in nearly 7 years, up 1.0% on Tuesday. On Thursday, ADP reported a gain of 173K jobs which was spot on with estimates. Markets were quiet up until this morning when nonfarm payrolls came out at +38,000 – the lowest since September 2010. The unemployment rate fell to 4.7% which is the best level since November, however, it only fell due to 458,000 people leaving the workforce, bringing the labor participation rate to 62.6%.

This data drove mortgage rates down while the 10 year treasury hovered around 1.70. This is the best time to take advantage of low interest with the 10 year trading between 1.70-1.81.

 

Upcoming Market DataMonday - June 6
 
Gallup US Consumer Spending Measure
Labor Market Conditions Index
 
Tuesday - June 7
 
Productivity and Costs
 
Wednesday - June 8
 
MBA Mortgage Applications
JOLTS
 
Thursday - June 9
 
Jobless Claims
Bloomberg Consumer Comfort Index
Wholesale Trade
 
Friday - June 10
 
Consumer Sentiment
Treasury Budget
 
FeaturedBlog

 

Get To Know Mo – Our Buffalo!


PrimeLending, a PlainsCapital CompanySo, do you know Mo? He’s the buffalo featured in the PrimeLending logo. Just look up in the corner and you’ll see him. His full name is Momentum, and he’s been a big part of our culture almost from the beginning.
We admit, a buffalo may seem like an odd choice for a residential mortgage company. After all, when you think of a home, you don’t immediately think of a two-ton wooly beast. But maybe you should.
We thought we would take some time answering three common questions we’ve gotten over the years about Mo, our mascot, plus share some interesting facts about this majestic animal.

Learn More >

 

CALL TODAY TO DISCUSS THIS WEEK'S MARKET TRENDS.
 
 
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  Jason Kaiman
  Production Manager
  NMLS: 406027
  Office: 515-418-9608
  Cell: 515-205-5244
  10647 Justin Drive
  Urbandale, IA 50322
 
jkaiman@primelending.com
lo.primelending.com/jkaiman

 

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Not intended for consumer distribution. Not subject to Reg Z 1026.24
All loans subject to credit approval. Rates and fees subject to change. Mortgage financing provided by PrimeLending, a PlainsCapital Company. Equal Housing Lender. © 2016 PrimeLending, a PlainsCapital Company (NMLS: 13649).

 

EHL

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