Financial Replace for the Week Ending November 21,… (EN)

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Inventory markets unchanged this week – Buyers purchased shares based mostly on constructive information displaying that a number of COVID-19 vaccines are near being authorised for distribution. Additionally they bought shares based mostly on worry that surging COVID-19 circumstances have been inflicting additional restrictions that can curtail enterprise development all through the nation. Unemployment claims unexpectedly rose this week which was additional proof that the re-opening of the financial system has begun to point out some indicators of reversing. 

  • The Dow Jones Industrial Common closed the week at 29,293.48, down 0.7% from 29,471.81 final week. It’s up 2.5% year-to-date. 
  • The S&P 500 closed the week at 3,557.54, down 0.8% from 3,585.15 final week. It is a report shut. It’s up 10.1% year-to-date. 
  • The NASDAQ closed the week at 11,854.97, down 0.2% from 11,829.28 final week. It’s up 32.1% yr-to-date. 

 U.S. Treasury bond yields – The ten-year treasury bond closed the week yielding 0.83%, down from 0.89% final week. The 30-year treasury bond yield ended the week at 1.53%, up from 1.65% final week. We watch bond yields as a result of mortgage charges typically observe treasury bond yields. 

 Mortgage charges – The November 19, 2020, Freddie Mac Main Mortgage Survey reported mortgage charges for the most well-liked mortgage merchandise as follows: 

  • The 30-year fastened mortgage fee common was 2.72%, down from 2.84% final week. 
  • The 15-year fastened was 2.28%, down from 2.34% final week. 
  • The 5-year ARM was 2.85%, down from 3.11% final week.

The California Affiliation of Realtors reported that current, single-family dwelling gross sales totaled 484,510 on an annualized foundation in October. That represented a yr over yr improve of 19.5% from the variety of properties bought in October 2019. The median value paid for a house in California was $711,300, up 17.5% from the median value final October. Stock ranges have been decrease than one yr in the past. There was only a two-month provide of properties on the market in October. That’s unchanged from September, as new listings additionally elevated to satisfy demand. One yr in the past, the unsold stock index stood at a 3-month provide. Under please discover regional statistics for Southern California.

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Have an incredible weekend!

 

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