Greg Afarian’s Market Report week of July 6 to July 9th. The Market Rebounds after 3 weeks of selling off as stocks see there best week in a year.The DOW was up more than 468 points this week. Many Wall Streeter’s feel this could be a summer rally, I think after the huge run off it was more like a relief rally.
This week was a short week of trading due to the observance of the 4th of July. Not alot of key economic news this week. June Same Store Sales was weak as the consumer is slowing their spending and it seems a pattern of selective spending could be a trend.
The 30 Year hit an all time low / record as the 30 YR Fixed Rate dips to 4.57% and the 15 YR Fixed Rate is at 4.07%. Mortgage Apps this past week for Refi’s were up 9.2% and purchase apps were down 2.2%. Purchase apps are down 30% since April which seems as though the ending of the Home Buyer Tax Program is really effecting the market.
Oil is at $76.39 a barrel and Gold is at $1,212 an ounce. Weekly Jobless Claims were better than expected for the week ending of 7/3 with 1st time claims falling 21,000 to 454,000. Stocks in the news, Google is back in China and Zillow & Yahoo make a partnership for online real estate advertising.
About the Me: The above Real Estate information was provided by Greg Afarian, l can be reached via email or send me a message on Twiter Have a home to sell on the NorthShore in Mass? I’ll help you with my social media skills for a quick transaction to help save you time and money. I service the following towns in Boston and the Greater Boston Area. Andover, North Andover, Lawrence, Methuen, Haverhill, Boxford, Bradford, Dracut, Reading, North Reading, and beyond.
Jul - 09 | 
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