|For the Week Ending October 25, 2019|
Please enjoy this quick update on what happened this week in the housing and financial markets.
|September's factory orders for big-ticket manufactured goods tumbled by the largest amount in 4 months, indicating continuing struggles in the industry.|
|Stocks improved this week as corporate earnings results helped investors shrug off signs that global growth is losing momentum.|
|Despite an overall slowing economy, jobless claims fell last week. A strong labor market boosts consumer confidence and the economy.|
|The FHFA reports home prices rose 0.2% in August from July and were up 4.6% year-over-year.|
|New home sales fell 0.7% in September, as low inventories continue to weigh on sales. The median new home price is $299,400, an 8.8% drop from a year ago.|
|The latest housing trend is backyard "accessory dwelling units," small second homes used for rentals or additional guest living space.|
Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.