Market News for Feb. 15-19 February 19, 2016 11:50 am

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THEECONOMY

 

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economy-icon1Minutes from last month’s Fed meeting showed concerns over global economic weakness.
The Fed does not appear likely to raise policy rates anytime soon.

economy-icon2Oil producing countries are unifying to freeze oil production levels and stabilize oil pricing.
Stocks have rallied on the news this week for the best gains of 2016.

economy-icon3The rally in oil pricing and stocks has eroded some of the recent improvements in bonds.
The volatile markets have led to volatility in mortgage rates as well.

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HOUSINGNEWS
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HOUSEICON1Housing starts were down slightly in January, likely due to cold weather.
Still, the housing market fundamentals remain strong.

HOUSEICON2Building permits were down slightly overall for January.
However, a strengthening job market is projected to buoy housing demand this year.

HOUSEICON3Builders’ confidence was down slightly, but more builders see conditions as good than poor.
Low rates and steady job gains signal an upward trend for housing.

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INSPIRATIONALCORNER
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