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Dock Treece Thursday September 10, 2020
Thursday, stocks were up yesterday but the big news came from jobs and mortgage rates.
Those numbers, to me, are far more important than one day in the stock market.
This bit of information from the attached jobs article is extremely important, "Job openings represent positions available to new workers. Positions offered only internally or workers called back from layoffs are not counted in the figure."
It is sometimes anticlimactic when living through history being made but the mortgage rates we are seeing today are truly historic. Future generations will look at these rate with amazement just as today people look back at rates in the 1980's of 13%,14%, 15% with amazement.
Quote from the article, "Listing prices for houses are rising at their fastest pace in three years, while listings themselves are down 12% from last year, says Realtor.com. The typical home for sale in the U.S. is being snapped up in 56 days, five days faster than at this time in 2019."
Those numbers, to me, are far more important than one day in the stock market.
This bit of information from the attached jobs article is extremely important, "Job openings represent positions available to new workers. Positions offered only internally or workers called back from layoffs are not counted in the figure."
It is sometimes anticlimactic when living through history being made but the mortgage rates we are seeing today are truly historic. Future generations will look at these rate with amazement just as today people look back at rates in the 1980's of 13%,14%, 15% with amazement.
Quote from the article, "Listing prices for houses are rising at their fastest pace in three years, while listings themselves are down 12% from last year, says Realtor.com. The typical home for sale in the U.S. is being snapped up in 56 days, five days faster than at this time in 2019."
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By 1370 WSPD (WSPD-AM)Thursday, stocks were up yesterday but the big news came from jobs and mortgage rates.
Those numbers, to me, are far more important than one day in the stock market.
This bit of information from the attached jobs article is extremely important, "Job openings represent positions available to new workers. Positions offered only internally or workers called back from layoffs are not counted in the figure."
It is sometimes anticlimactic when living through history being made but the mortgage rates we are seeing today are truly historic. Future generations will look at these rate with amazement just as today people look back at rates in the 1980's of 13%,14%, 15% with amazement.
Quote from the article, "Listing prices for houses are rising at their fastest pace in three years, while listings themselves are down 12% from last year, says Realtor.com. The typical home for sale in the U.S. is being snapped up in 56 days, five days faster than at this time in 2019."
Those numbers, to me, are far more important than one day in the stock market.
This bit of information from the attached jobs article is extremely important, "Job openings represent positions available to new workers. Positions offered only internally or workers called back from layoffs are not counted in the figure."
It is sometimes anticlimactic when living through history being made but the mortgage rates we are seeing today are truly historic. Future generations will look at these rate with amazement just as today people look back at rates in the 1980's of 13%,14%, 15% with amazement.
Quote from the article, "Listing prices for houses are rising at their fastest pace in three years, while listings themselves are down 12% from last year, says Realtor.com. The typical home for sale in the U.S. is being snapped up in 56 days, five days faster than at this time in 2019."