Market Weekly: Aug 21-Aug-25-2017


July Existing Home Sales: -1.3% to 5.44M vs. consensus 5.57M, 5.51M previous.

Initial Jobless Claims +2K to 234K vs. 237K consensus, 232K prior (unrevised).
Continuous Claims:flat at 1.954M vs. 1.954M.

August Kansas City Fed Composite Index: +16, vs. +10 in July.

30-year fixed-rate mortgage averaged a YTD low 3.86% for the week ending Aug. 24, down from last week’s 3.89%, while the average 15-year fixed-rate mortgage remained unchanged at 3.16%, Freddie Mac reports in its latest weekly survey, citing falling Treasury yields amid concerns over lagging inflation.